Convert Israeli New Sheqel to Cape Verdean Escudo
Please provide values below to convert Israeli New Sheqel [ILS] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Cape Verdean Escudo
1 ILS = 0.0355897633413734 CVE
Example: convert 15 ILS to CVE:
15 ILS = 15 × 0.0355897633413734 CVE = 0.533846450120601 CVE
Israeli New Sheqel to Cape Verdean Escudo Conversion Table
| Israeli New Sheqel | Cape Verdean Escudo |
|---|
Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.
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.