Convert Tanzanian Shilling to Cape Verdean Escudo
Please provide values below to convert Tanzanian Shilling [TZS] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Tanzanian Shilling.
How to Convert Tanzanian Shilling to Cape Verdean Escudo
1 TZS = 27.3452930543039 CVE
Example: convert 15 TZS to CVE:
15 TZS = 15 × 27.3452930543039 CVE = 410.179395814559 CVE
Tanzanian Shilling to Cape Verdean Escudo Conversion Table
| Tanzanian Shilling | Cape Verdean Escudo |
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Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.
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.