Convert Qatari Rial to Cape Verdean Escudo
Please provide values below to convert Qatari Rial [QAR] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Qatari Rial.
How to Convert Qatari Rial to Cape Verdean Escudo
1 QAR = 0.03872847191707 CVE
Example: convert 15 QAR to CVE:
15 QAR = 15 × 0.03872847191707 CVE = 0.58092707875605 CVE
Qatari Rial to Cape Verdean Escudo Conversion Table
| Qatari Rial | Cape Verdean Escudo |
|---|
Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.
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.