Convert Congolese Franc to Cape Verdean Escudo
Please provide values below to convert Congolese Franc [CDF] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Congolese Franc.
How to Convert Congolese Franc to Cape Verdean Escudo
1 CDF = 30.6958899941162 CVE
Example: convert 15 CDF to CVE:
15 CDF = 15 × 30.6958899941162 CVE = 460.438349911744 CVE
Congolese Franc to Cape Verdean Escudo Conversion Table
| Congolese Franc | Cape Verdean Escudo |
|---|
Congolese Franc
The Congolese Franc (CDF) is the official currency of the Democratic Republic of the Congo, used for everyday transactions and financial exchanges within the country.
History/Origin
The Congolese Franc was introduced in 1967, replacing the Congolese Léopard at par, as part of monetary reforms following independence. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the CDF remains the official currency of the Democratic Republic of the Congo, used in all banking, commerce, and financial activities across the country.
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.