Convert United Arab Emirates Dirham to Cape Verdean Escudo
Please provide values below to convert United Arab Emirates Dirham [AED] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to United Arab Emirates Dirham.
How to Convert United Arab Emirates Dirham to Cape Verdean Escudo
1 AED = 0.039074261844901 CVE
Example: convert 15 AED to CVE:
15 AED = 15 × 0.039074261844901 CVE = 0.586113927673515 CVE
United Arab Emirates Dirham to Cape Verdean Escudo Conversion Table
| United Arab Emirates Dirham | Cape Verdean Escudo |
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United Arab Emirates Dirham
The United Arab Emirates Dirham (AED) is the official currency of the United Arab Emirates, used for all monetary transactions within the country.
History/Origin
The AED was introduced in 1973, replacing the Qatar and Dubai riyal at par, to unify the various currencies used in the emirates and establish a national monetary system.
Current Use
The AED is widely used across the UAE for everyday transactions, banking, and international trade, and is recognized as a stable and reliable currency in the region.
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.