Convert Cape Verdean Escudo to Djiboutian Franc
Please provide values below to convert Cape Verdean Escudo [CVE] to Djiboutian Franc [DJF], or Convert Djiboutian Franc to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Djiboutian Franc
1 CVE = 0.52884971387737 DJF
Example: convert 15 CVE to DJF:
15 CVE = 15 × 0.52884971387737 DJF = 7.93274570816054 DJF
Cape Verdean Escudo to Djiboutian Franc Conversion Table
| Cape Verdean Escudo | Djiboutian Franc |
|---|
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.
Djiboutian Franc
The Djiboutian Franc (DJF) is the official currency of Djibouti, used for all monetary transactions within the country.
History/Origin
The Djiboutian Franc was introduced in 1949, replacing the French Franc at par, and has been the country's official currency since then, with its value maintained by the Central Bank of Djibouti.
Current Use
The DJF is widely used in Djibouti for everyday transactions, banking, and trade, and is pegged to the US dollar at a fixed rate to ensure stability.