Convert Chinese Yuan to Cape Verdean Escudo
Please provide values below to convert Chinese Yuan [CNY] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Chinese Yuan.
How to Convert Chinese Yuan to Cape Verdean Escudo
1 CNY = 0.0763280727158979 CVE
Example: convert 15 CNY to CVE:
15 CNY = 15 × 0.0763280727158979 CVE = 1.14492109073847 CVE
Chinese Yuan to Cape Verdean Escudo Conversion Table
| Chinese Yuan | Cape Verdean Escudo |
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Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).
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.