Convert Cape Verdean Escudo to Argentine Peso
Please provide values below to convert Cape Verdean Escudo [CVE] to Argentine Peso [ARS], or Convert Argentine Peso to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Argentine Peso
1 CVE = 0.0742299217324688 ARS
Example: convert 15 CVE to ARS:
15 CVE = 15 × 0.0742299217324688 ARS = 1.11344882598703 ARS
Cape Verdean Escudo to Argentine Peso Conversion Table
| Cape Verdean Escudo | Argentine Peso |
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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.
Argentine Peso
The Argentine Peso (ARS) is the official currency of Argentina, used for all monetary transactions within the country.
History/Origin
The Argentine Peso was first introduced in 1881, replacing the Argentine Austral. It has undergone several revaluations and reforms, with the current peso being reintroduced in 1992 after a period of hyperinflation and currency instability.
Current Use
Today, the ARS is the legal tender in Argentina, used for everyday transactions, banking, and trade. It is managed by the Central Bank of Argentina and remains subject to inflationary pressures and economic fluctuations.