Convert Cape Verdean Escudo to Ethiopian Birr
Please provide values below to convert Cape Verdean Escudo [CVE] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Ethiopian Birr
1 CVE = 0.687863188062987 ETB
Example: convert 15 CVE to ETB:
15 CVE = 15 × 0.687863188062987 ETB = 10.3179478209448 ETB
Cape Verdean Escudo to Ethiopian Birr Conversion Table
| Cape Verdean Escudo | Ethiopian Birr |
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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.
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.