Convert British Pound Sterling to Cape Verdean Escudo
Please provide values below to convert British Pound Sterling [GBP] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to British Pound Sterling.
How to Convert British Pound Sterling to Cape Verdean Escudo
1 GBP = 0.00787549860247671 CVE
Example: convert 15 GBP to CVE:
15 GBP = 15 × 0.00787549860247671 CVE = 0.118132479037151 CVE
British Pound Sterling to Cape Verdean Escudo Conversion Table
| British Pound Sterling | Cape Verdean Escudo |
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British Pound Sterling
The British Pound Sterling (GBP) is the official currency of the United Kingdom and its territories, used as a standard unit of monetary value.
History/Origin
The Pound Sterling is one of the oldest currencies still in use, dating back to the 8th century. It was originally a silver coin and has evolved through various forms, including the gold standard and fiat currency, becoming the UK's primary currency in the 19th century.
Current Use
Today, the GBP is widely used in the UK and its territories, serving as the main currency for everyday transactions, banking, and international trade. It is also a major reserve currency globally.
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.