Cape Verdean Escudo in Chinese Yuan Renminbi

CVE Cape Verdean Escudo

Country of application:
Cape Verde

Coin denominations in circulation:
1, 5, 10, 20, 50, 100 Cape Verde escudos.

Denominations of banknotes in circulation:
200, 500, 1000, 2000, 2500, 5000 Cape Verde escudos.

History reference:
The Cape Verde Escudo (Cabo Verde Escudo) has been the national currency and fiat (fiduciary) money of the Republic of Cape Verde (Republic of Djibouti) since 1977. Replaced the previous official cur...rency of the Cape Verde Islands escudo at a ratio of 1 to 1. The Bank of Cape Verde periodically issues commemorative coins in base and precious metals. Commemorative coins are legal tender and must be accepted in all settlements at par. In 2014, a new issue of banknotes with improved anti-counterfeit protection followed. The banknote of 200 escudos was the first in the history of Cape Verde, printed on a polymer basis.

CNY Chinese Yuan Renminbi

Country of application:
PRC

Coin denominations in circulation:
1 yuan, 5, 2 and 1 jiao.

Denominations of banknotes in circulation:
100, 50, 20, 10, 5, 2 (rare) and 1 yuan, as well as 5, 2 and 1 jiao.

History reference:
The Chinese Yuan is the official currency of the Peoples Republic of China. Until the beginning of the 20th century, in China, for large-scale settlements, they used silver ingots - lyans. Small purc...hases were made using bronze round coins with a square hole in the center - qian, which Europeans call "keshi". Silver yuan began to be made in 1835. The use of silver coins and silver liang was banned in China in 1935. Instead, a boom in paper money began to grow - fabi. A certain easing in monetary policy occurred only in 2005, when the Chinese authorities carried out a revaluation of the yuan, raising its value by 2%. By 2008, the yuan appreciated by more than 20% to 6.82 yuan per US dollar. Nevertheless, even today, the PRC continues to enjoy certain foreign trade advantages, which are based on the undervalued exchange rate of the national currency.