Convert Cape Verdean Escudo to Rwandan Franc
Please provide values below to convert Cape Verdean Escudo [CVE] to Rwandan Franc [RWF], or Convert Rwandan Franc to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Rwandan Franc
1 CVE = 0.064936804765714 RWF
Example: convert 15 CVE to RWF:
15 CVE = 15 × 0.064936804765714 RWF = 0.97405207148571 RWF
Cape Verdean Escudo to Rwandan Franc Conversion Table
| Cape Verdean Escudo | Rwandan Franc |
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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.
Rwandan Franc
The Rwandan Franc (RWF) is the official currency of Rwanda, used for all monetary transactions within the country.
History/Origin
The Rwandan Franc was introduced in 1964, replacing the Rwandan Congolese franc, and has undergone various redenominations and updates since then to stabilize the economy and facilitate trade.
Current Use
Today, the Rwandan Franc is widely used in Rwanda for everyday transactions, banking, and trade, with coins and banknotes issued by the National Bank of Rwanda.