AED to CVE
Currency conversion rates from AED to CVE
|1 AED||1 CVE|
|5 AED||5 CVE|
|10 AED||10 CVE|
|20 AED||20 CVE|
|50 AED||50 CVE|
|100 AED||100 CVE|
|250 AED||250 CVE|
|500 AED||500 CVE|
|1000 AED||1000 CVE|
|2000 AED||2000 CVE|
|5000 AED||5000 CVE|
|10000 AED||10000 CVE|
|1 CVE||1 AED|
|5 CVE||5 AED|
|10 CVE||10 AED|
|20 CVE||20 AED|
|50 CVE||50 AED|
|100 CVE||100 AED|
|250 CVE||250 AED|
|500 CVE||500 AED|
|1000 CVE||1000 AED|
|2000 CVE||2000 AED|
|5000 CVE||5000 AED|
|10000 CVE||10000 AED|
AED - United Arab Emirates Dirham (د.إ)
The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.
The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.
The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.
- The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
- Natural gas and petroleum exports play an important role in the economy.
- The service sector is also an important source of income.
- Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
- The United Arab Emirates is part of the World Trade Organization.
- Imports are machinery, manufactured goods, and transport equipment.
- In 2009, 85% of exports were natural resources.
- The United Arab Emirates has the fastest-growing economy in the world.
- The original currency in the United Arab Emirates was the Bahraini Dinar.
- Before 1966 the United Arab Emirates used the Gulf Rupee.
- The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
- From 1973 to 1982 the United Arab Emirates issued the Dirham.
- In 1976 the United Arab Emirates minted commemorative coins.
- In the late 1980s a fixed rate was established between the Dirham and the USD.
- 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
- In 1997 the Dirham was pegged to the US Dollar.
CVE - Cape Verdean Escudo (CVE)
Cape Verdean Escudo
The Cape Verde Escudo (CVE) is the official currency of Cape Verde. The $ symbol is typically used to separate decimals; for example, 20$00 indicates 20 Escudos.
The Cape Verde Escudo is the currency in Cape Verde (CV, CPV). The symbol for CVE can be written C V Esc. The Cape Verde Escudo is divided into 100 centavos. The exchange rate for the Cape Verde Escudo was last updated on May 24, 2019 from Yahoo Finance. The CVE conversion factor has 4 significant digits.
- Cape Verde's economy does not have sufficient resources to sustain itself.
- Service-based industries account for 73% of the GDP and play an important role in the economy.
- Since 1990 the economy has been growing at a steady pace.
- In 1994 and 1995 the country received +/- 50 million USD in foreign investments.
- Cape Verde is recognized as an average development country. It is part of the Small Island developing states.
- Agriculture forms 9% of the total GDP and industry 16.5%.
- Export products are fish, hides, shoes, garments, and fuel.
- Import products are industrial, fuels, foodstuffs, and transport equipment.
- 30% of the population is unemployed.
- Inflation is estimated at 4%.
- Top industries are garments, shoes, salt mining, fish processing, ship repair, beverages, and food.
- Cape Verde receives a lot of cooperation from Portugal to help its economy.
- In 1914, the Escudo replaced the Rei, with 1 Escudo = 1,000 Reis.
- Until 1975, the Escudo was valued at par with the Portuguese Escudo.
- In 1998, a pegged rate was established between the Cape Verde Escudo and the Portuguese Escudo at 1 Poretuguese Escudo = 0.55 CVE.
- After the Portuguese Escudo was replaced by the Euro, the Cape Verde Escudo was pegged to the Euro at 110$265 Escudos = 1 Euro.
- The third issue of banknotes was introduced in 1992.
- In 2005, the 200-escudo note was redesigned and distributed to celebrate 30 years of independence.