Convert Turkish Lira to Cape Verdean Escudo
Please provide values below to convert Turkish Lira [TRY] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Turkish Lira.
How to Convert Turkish Lira to Cape Verdean Escudo
1 TRY = 0.430276514905674 CVE
Example: convert 15 TRY to CVE:
15 TRY = 15 × 0.430276514905674 CVE = 6.45414772358511 CVE
Turkish Lira to Cape Verdean Escudo Conversion Table
| Turkish Lira | Cape Verdean Escudo |
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Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.
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.