Convert Cape Verdean Escudo to Romanian Leu
Please provide values below to convert Cape Verdean Escudo [CVE] to Romanian Leu [RON], or Convert Romanian Leu to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Romanian Leu
1 CVE = 21.6881345763338 RON
Example: convert 15 CVE to RON:
15 CVE = 15 × 21.6881345763338 RON = 325.322018645006 RON
Cape Verdean Escudo to Romanian Leu Conversion Table
| Cape Verdean Escudo | Romanian Leu |
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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.
Romanian Leu
The Romanian Leu (RON) is the official currency of Romania, used for all monetary transactions within the country.
History/Origin
The Leu was first introduced in 1867, replaced by the Romanian Leu in 1952 after a currency reform, and has undergone several redenominations, with the current form established in 2005 to stabilize the economy.
Current Use
The RON is actively used as Romania's primary currency for everyday transactions, banking, and international trade, with coins and banknotes issued by the National Bank of Romania.