Convert Maldivian Rufiyaa to Cape Verdean Escudo
Please provide values below to convert Maldivian Rufiyaa [MVR] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Maldivian Rufiyaa.
How to Convert Maldivian Rufiyaa to Cape Verdean Escudo
1 MVR = 0.164257663502777 CVE
Example: convert 15 MVR to CVE:
15 MVR = 15 × 0.164257663502777 CVE = 2.46386495254166 CVE
Maldivian Rufiyaa to Cape Verdean Escudo Conversion Table
| Maldivian Rufiyaa | Cape Verdean Escudo |
|---|
Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.
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.