Convert Cape Verdean Escudo to Cambodian Riel
Please provide values below to convert Cape Verdean Escudo [CVE] to Cambodian Riel [KHR], or Convert Cambodian Riel to Cape Verdean Escudo.
How to Convert Cape Verdean Escudo to Cambodian Riel
1 CVE = 0.023408946570879 KHR
Example: convert 15 CVE to KHR:
15 CVE = 15 × 0.023408946570879 KHR = 0.351134198563185 KHR
Cape Verdean Escudo to Cambodian Riel Conversion Table
| Cape Verdean Escudo | Cambodian Riel |
|---|
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.
Cambodian Riel
The Cambodian Riel (KHR) is the official currency of Cambodia, used for everyday transactions and priced in the local economy.
History/Origin
The Riel was introduced in 1953, replacing the French Indochinese piastre, and has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Riel is primarily used domestically for most transactions, alongside the US dollar, which is also widely accepted in Cambodia.