Convert Jamaican Dollar to Cape Verdean Escudo
Please provide values below to convert Jamaican Dollar [JMD] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Jamaican Dollar.
How to Convert Jamaican Dollar to Cape Verdean Escudo
1 JMD = 1.70317498991889 CVE
Example: convert 15 JMD to CVE:
15 JMD = 15 × 1.70317498991889 CVE = 25.5476248487834 CVE
Jamaican Dollar to Cape Verdean Escudo Conversion Table
| Jamaican Dollar | Cape Verdean Escudo |
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Jamaican Dollar
The Jamaican Dollar (JMD) is the official currency of Jamaica, used for all monetary transactions within the country.
History/Origin
The Jamaican Dollar was introduced in 1969, replacing the Jamaican Pound at a rate of 1 dollar = 1.5 pounds. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Jamaican Dollar is widely used in everyday transactions, banking, and commerce across Jamaica, with coins and banknotes issued by the Bank of Jamaica.
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.