Cape Verdean escudo libyan dinar exchange rate history (CVE LYD) August 2023

Cape Verdean escudo libyan dinar history for August 2023. The highest quote for this month is 0.047686 (11/08/2023) and the lowest 0.047666 (10/08/2023). The difference between high and low is 0.04.

CVE LYD average rate for August 2023 is 0.04737, the change between 01/08/2023 and 31/08/2023 is +0.08 %.

01 August 2023	1 CVE = 0.0475 LYD
02 August 2023	1 CVE = 0.0475 LYD
03 August 2023	1 CVE = 0.0474 LYD
04 August 2023	1 CVE = 0.0474 LYD
07 August 2023	1 CVE = 0.0474 LYD
08 August 2023	1 CVE = 0.0475 LYD
09 August 2023	1 CVE = 0.0473 LYD
10 August 2023	1 CVE = 0.0474 LYD
11 August 2023	1 CVE = 0.0477 LYD
12 August 2023	1 CVE = 0.0476 LYD
14 August 2023	1 CVE = 0.0475 LYD
15 August 2023	1 CVE = 0.0474 LYD
16 August 2023	1 CVE = 0.0475 LYD
17 August 2023	1 CVE = 0.0475 LYD
18 August 2023	1 CVE = 0.0473 LYD
19 August 2023	1 CVE = 0.0474 LYD
20 August 2023	1 CVE = 0.0474 LYD
21 August 2023	1 CVE = 0.0473 LYD
22 August 2023	1 CVE = 0.0475 LYD
23 August 2023	1 CVE = 0.0472 LYD
24 August 2023	1 CVE = 0.0472 LYD
25 August 2023	1 CVE = 0.0472 LYD
28 August 2023	1 CVE = 0.0470 LYD
29 August 2023	1 CVE = 0.0470 LYD
30 August 2023	1 CVE = 0.0471 LYD
31 August 2023	1 CVE = 0.0475 LYD

04/05/2020: COVID-19 impact on currency

The outbreak of COVID-19 and its economic consequences led to a depreciation of the Cape Verdean escudo against major international currencies due to reduced tourism and economic activity.

06/09/2018: Announcement of new dinar notes

The Central Bank of Libya announces the release of new dinar banknotes with enhanced security features to combat counterfeiting.

30/09/2017: New escudo banknotes issued

Cape Verde introduced a new series of banknotes for the escudo, featuring enhanced security features, updated designs, and improved durability.

31/12/2014: End of the peg to the euro

Cape Verde decided to abandon the peg to the euro, shifting to a managed float exchange rate system to allow the currency to fluctuate based on market forces.

28/07/2014: Recognition of rival governments

The Libyan Supreme Court recognizes two rival governments, further fragmenting the country and impacting the value of the dinar.

17/02/2011: Start of the Libyan Civil War

The Libyan Civil War begins, leading to political instability and further devaluation of the Libyan dinar.

01/01/2005: Decimalization of the escudo

The Cape Verdean escudo underwent a decimalization process, with the subdivision of 1 escudo into 100 centavos.

01/01/1998: Currency pegged to the euro

The Cape Verdean escudo was pegged to the euro at a fixed exchange rate of 1 euro = 110.265 CVE, ensuring stability and facilitating trade.

07/04/1986: US imposes economic sanctions

The United States imposes economic sanctions on Libya, severely impacting the value and stability of the Libyan dinar.

02/03/1978: Establishment of the Central Bank of Libya

The Central Bank of Libya is established, becoming the sole authority responsible for issuing and managing the Libyan dinar.

17/11/1977: Introduction of the new escudo

A new version of the Cape Verdean escudo was introduced, replacing the previous version with a new design and updated security features.

05/07/1975: Independence of Cape Verde

The Cape Verdean escudo (CVE) was officially adopted as the currency of Cape Verde upon gaining independence from Portugal.

08/09/1971: Introduction of the Libyan dinar

The Libyan pound is replaced by the Libyan dinar, at a rate of 1 dinar = 1 pound.

24/12/1951: Independence of Libya

Libya gains independence from Italy, introducing the Libyan pound as its currency.

Historic Cape Verdean escudo Libyan dinar