Convert Cape Verdean Escudo to Nicaraguan Córdoba
Please provide values below to convert Cape Verdean Escudo [CVE] to Nicaraguan Córdoba [NIO], or Convert Nicaraguan Córdoba to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Nicaraguan Córdoba
1 CVE = 2.55497170134453 NIO
Example: convert 15 CVE to NIO:
15 CVE = 15 × 2.55497170134453 NIO = 38.3245755201679 NIO
Cape Verdean Escudo to Nicaraguan Córdoba Conversion Table
| Cape Verdean Escudo | Nicaraguan Córdoba |
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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.
Nicaraguan Córdoba
The Nicaraguan Córdoba (NIO) is the official currency of Nicaragua, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Nicaraguan Córdoba was introduced in 1912, replacing the Nicaraguan peso. It has undergone several redenominations and reforms, with the current version being issued in 1998 to stabilize the economy after periods of inflation.
Current Use
Today, the Nicaraguan Córdoba is the primary legal tender in Nicaragua, used in all financial transactions, banking, and commerce across the country.