AED to CVE

AED - United Arab Emirates Dirham (د.إ.‏)
CVE - Cape Verdean Escudo ()
1 AED1 CVE

Currency conversion rates from AED to CVE

AEDCVE
1 AED1 CVE
5 AED5 CVE
10 AED10 CVE
20 AED20 CVE
50 AED50 CVE
100 AED100 CVE
250 AED250 CVE
500 AED500 CVE
1000 AED1000 CVE
2000 AED2000 CVE
5000 AED5000 CVE
10000 AED10000 CVE
CVEAED
1 CVE1 AED
5 CVE5 AED
10 CVE10 AED
20 CVE20 AED
50 CVE50 AED
100 CVE100 AED
250 CVE250 AED
500 CVE500 AED
1000 CVE1000 AED
2000 CVE2000 AED
5000 CVE5000 AED
10000 CVE10000 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.

Economy

  • 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.

History

  • 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.

More information about AED - United Arab Emirates Dirham (د.إ)


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.

Economy

  • 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.

History

  • 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.

More information about CVE - Cape Verdean Escudo (CVE)