Convert Georgian Lari to Cape Verdean Escudo
Please provide values below to convert Georgian Lari [GEL] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Georgian Lari.
How to Convert Georgian Lari to Cape Verdean Escudo
1 GEL = 0.0288271763220081 CVE
Example: convert 15 GEL to CVE:
15 GEL = 15 × 0.0288271763220081 CVE = 0.432407644830121 CVE
Georgian Lari to Cape Verdean Escudo Conversion Table
| Georgian Lari | Cape Verdean Escudo |
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Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.
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.