Convert Namibian Dollar to Cape Verdean Escudo
Please provide values below to convert Namibian Dollar [NAD] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Namibian Dollar.
How to Convert Namibian Dollar to Cape Verdean Escudo
1 NAD = 0.186904243853185 CVE
Example: convert 15 NAD to CVE:
15 NAD = 15 × 0.186904243853185 CVE = 2.80356365779778 CVE
Namibian Dollar to Cape Verdean Escudo Conversion Table
| Namibian Dollar | Cape Verdean Escudo |
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Namibian Dollar
The Namibian Dollar (NAD) is the official currency of Namibia, used for all monetary transactions within the country.
History/Origin
Introduced in 1993, replacing the South African Rand at par, the Namibian Dollar was established to establish a distinct national currency following independence from South Africa.
Current Use
The NAD is widely used in Namibia for everyday transactions, banking, and trade, and is pegged at par with the South African Rand, which is also accepted in Namibia.
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.