Convert Cape Verdean Escudo to Moldovan Leu
Please provide values below to convert Cape Verdean Escudo [CVE] to Moldovan Leu [MDL], or Convert Moldovan Leu to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Moldovan Leu
1 CVE = 5.54548780128035 MDL
Example: convert 15 CVE to MDL:
15 CVE = 15 × 5.54548780128035 MDL = 83.1823170192053 MDL
Cape Verdean Escudo to Moldovan Leu Conversion Table
| Cape Verdean Escudo | Moldovan Leu |
|---|
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.
Moldovan Leu
The Moldovan Leu (MDL) is the official currency of Moldova, used for all monetary transactions within the country.
History/Origin
The Moldovan Leu was introduced in 1993, replacing the Soviet ruble, following Moldova's independence. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Moldovan Leu is actively used as the national currency for everyday transactions, banking, and trade in Moldova. It is issued and regulated by the National Bank of Moldova.