Convert Cape Verdean Escudo to Angolan Kwanza
Please provide values below to convert Cape Verdean Escudo [CVE] to Angolan Kwanza [AOA], or Convert Angolan Kwanza to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Angolan Kwanza
1 CVE = 0.102216073471218 AOA
Example: convert 15 CVE to AOA:
15 CVE = 15 × 0.102216073471218 AOA = 1.53324110206828 AOA
Cape Verdean Escudo to Angolan Kwanza Conversion Table
| Cape Verdean Escudo | Angolan Kwanza |
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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.
Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.