Convert Cape Verdean Escudo to Somali Shilling
Please provide values below to convert Cape Verdean Escudo [CVE] to Somali Shilling [SOS], or Convert Somali Shilling to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Somali Shilling
1 CVE = 0.164475300626698 SOS
Example: convert 15 CVE to SOS:
15 CVE = 15 × 0.164475300626698 SOS = 2.46712950940047 SOS
Cape Verdean Escudo to Somali Shilling Conversion Table
| Cape Verdean Escudo | Somali Shilling |
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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.
Somali Shilling
The Somali Shilling (SOS) is the official currency of Somalia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Somali Shilling was introduced in 1962, replacing the Somali Somali shilling, and has undergone various reforms and devaluations due to economic challenges and civil unrest over the decades.
Current Use
Today, the Somali Shilling remains the official currency of Somalia, used in cash transactions, with banknotes and coins issued by the Central Bank of Somalia. It is also used in some neighboring regions and for remittances.