Convert Kuwaiti Dinar to Cape Verdean Escudo
Please provide values below to convert Kuwaiti Dinar [KWD] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Cape Verdean Escudo
1 KWD = 0.00324936135260252 CVE
Example: convert 15 KWD to CVE:
15 KWD = 15 × 0.00324936135260252 CVE = 0.0487404202890378 CVE
Kuwaiti Dinar to Cape Verdean Escudo Conversion Table
| Kuwaiti Dinar | Cape Verdean Escudo |
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Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.
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.