Convert Dominican Peso to Cape Verdean Escudo
Please provide values below to convert Dominican Peso [DOP] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Dominican Peso.
How to Convert Dominican Peso to Cape Verdean Escudo
1 DOP = 0.642115936447003 CVE
Example: convert 15 DOP to CVE:
15 DOP = 15 × 0.642115936447003 CVE = 9.63173904670505 CVE
Dominican Peso to Cape Verdean Escudo Conversion Table
| Dominican Peso | Cape Verdean Escudo |
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Dominican Peso
The Dominican Peso (DOP) is the official currency of the Dominican Republic, used for everyday transactions and financial exchanges within the country.
History/Origin
The Dominican Peso was introduced in 1947, replacing the Dominican Republic peso at a rate of 1 peso to 1 peso. It has undergone various reforms and decimalization over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the Dominican Peso remains the official currency of the Dominican Republic, widely used in all sectors of the economy, with banknotes and coins circulating throughout the country and in international transactions involving the Dominican Republic.
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.