Convert Romanian Leu to Cape Verdean Escudo
Please provide values below to convert Romanian Leu [RON] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Romanian Leu.
How to Convert Romanian Leu to Cape Verdean Escudo
1 RON = 0.0461081609614875 CVE
Example: convert 15 RON to CVE:
15 RON = 15 × 0.0461081609614875 CVE = 0.691622414422313 CVE
Romanian Leu to Cape Verdean Escudo Conversion Table
| Romanian Leu | Cape Verdean Escudo |
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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.
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.