Convert Cape Verdean Escudo to Dominican Peso
Please provide values below to convert Cape Verdean Escudo [CVE] to Dominican Peso [DOP], or Convert Dominican Peso to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Dominican Peso
1 CVE = 1.55735116236682 DOP
Example: convert 15 CVE to DOP:
15 CVE = 15 × 1.55735116236682 DOP = 23.3602674355023 DOP
Cape Verdean Escudo to Dominican Peso Conversion Table
| Cape Verdean Escudo | Dominican Peso |
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Cape Verdean Escudo
The Cape Verdean Escudo (CVE) is the official currency of Cape Verde, used for all monetary transactions within the country.
History/Origin
Introduced in 1914, the Escudo replaced the Cape Verdean real and has undergone various reforms, with the current version established in 1992 to stabilize the economy and modernize the currency system.
Current Use
The CVE is actively used as the legal tender in Cape Verde, with banknotes and coins circulating nationwide, and it is pegged to the Euro at a fixed rate for stability.
Dominican Peso
The Dominican Peso (DOP) is the official currency of the Dominican Republic, used for everyday transactions and financial exchanges within the country.
History/Origin
The Dominican Peso was introduced in 1947, replacing the Dominican Republic peso at a rate of 1 peso to 1 peso. It has undergone various reforms and decimalization over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the Dominican Peso remains the official currency of the Dominican Republic, widely used in all sectors of the economy, with banknotes and coins circulating throughout the country and in international transactions involving the Dominican Republic.