Convert Cape Verdean Escudo to Lebanese Pound
Please provide values below to convert Cape Verdean Escudo [CVE] to Lebanese Pound [LBP], or Convert Lebanese Pound to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Lebanese Pound
1 CVE = 0.00105014189944134 LBP
Example: convert 15 CVE to LBP:
15 CVE = 15 × 0.00105014189944134 LBP = 0.0157521284916201 LBP
Cape Verdean Escudo to Lebanese Pound Conversion Table
| Cape Verdean Escudo | Lebanese Pound |
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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.
Lebanese Pound
The Lebanese Pound (LBP) is the official currency of Lebanon, used for everyday transactions and financial exchanges within the country.
History/Origin
The Lebanese Pound was introduced in 1939, replacing the Lebanese lira, and has undergone various devaluations and reforms due to economic challenges and political instability over the decades.
Current Use
Today, the Lebanese Pound remains the official currency of Lebanon, but due to economic crises, the country also extensively uses the US dollar for transactions and savings.