Convert Turkmenistani Manat to Cape Verdean Escudo
Please provide values below to convert Turkmenistani Manat [TMT] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Turkmenistani Manat.
How to Convert Turkmenistani Manat to Cape Verdean Escudo
1 TMT = 0.037238915304875 CVE
Example: convert 15 TMT to CVE:
15 TMT = 15 × 0.037238915304875 CVE = 0.558583729573125 CVE
Turkmenistani Manat to Cape Verdean Escudo Conversion Table
| Turkmenistani Manat | Cape Verdean Escudo |
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Turkmenistani Manat
The Turkmenistani Manat (TMT) is the official currency of Turkmenistan, used for all monetary transactions within the country.
History/Origin
The Turkmenistani Manat was introduced in 1993, replacing the Soviet ruble, and has undergone several redenominations to stabilize the economy and control inflation.
Current Use
Today, the Manat is widely used in Turkmenistan for everyday transactions, banking, and trade, with banknotes and coins issued by the Central Bank of Turkmenistan.
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.