Convert Indonesian Rupiah to Cape Verdean Escudo
Please provide values below to convert Indonesian Rupiah [IDR] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Indonesian Rupiah.
How to Convert Indonesian Rupiah to Cape Verdean Escudo
1 IDR = 173.298603966264 CVE
Example: convert 15 IDR to CVE:
15 IDR = 15 × 173.298603966264 CVE = 2599.47905949395 CVE
Indonesian Rupiah to Cape Verdean Escudo Conversion Table
| Indonesian Rupiah | Cape Verdean Escudo |
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Indonesian Rupiah
The Indonesian Rupiah (IDR) is the official currency of Indonesia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Rupiah was introduced in 1946 to replace the Dutch East Indies gulden. It has undergone various reforms and redenominations over the years, especially following Indonesia's independence and economic changes, to stabilize the economy and control inflation.
Current Use
Today, the Rupiah is widely used across Indonesia for all forms of financial transactions, including cash payments, banking, and digital transactions. It remains the official legal tender of Indonesia.
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.