Cape Verdean Escudo (CVE)
a.k.a. CVE, Escudo
The currency of Cape Verde, code CVE, pegged to the euro.
In plain English
The currency of Cape Verde, code CVE, pegged to the euro.
The Cape Verdean escudo (CVE) is held at a fixed rate to the euro (about 110 escudos per euro), a link that dates back to its old tie with the Portuguese escudo.
The peg keeps it stable for a small island economy that trades mostly with Europe.
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