Liberian dollar cape verdean escudo exchange rate history (LRD CVE) October 2023

Liberian dollar cape verdean escudo history for October 2023. The highest quote for this month is 0.56735 (04/10/2023) and the lowest 0.56528 (03/10/2023). The difference between high and low is 0.36.

LRD CVE average rate for October 2023 is 0.56119, the change between 01/10/2023 and 31/10/2023 is +0.28 %.

01 October 2023	1 LRD = 0.5608 CVE
02 October 2023	1 LRD = 0.5606 CVE
03 October 2023	1 LRD = 0.5653 CVE
04 October 2023	1 LRD = 0.5674 CVE
05 October 2023	1 LRD = 0.5654 CVE
06 October 2023	1 LRD = 0.5629 CVE
07 October 2023	1 LRD = 0.5606 CVE
09 October 2023	1 LRD = 0.5600 CVE
10 October 2023	1 LRD = 0.5639 CVE
11 October 2023	1 LRD = 0.5606 CVE
12 October 2023	1 LRD = 0.5590 CVE
13 October 2023	1 LRD = 0.5626 CVE
16 October 2023	1 LRD = 0.5645 CVE
17 October 2023	1 LRD = 0.5626 CVE
18 October 2023	1 LRD = 0.5615 CVE
19 October 2023	1 LRD = 0.5626 CVE
20 October 2023	1 LRD = 0.5611 CVE
21 October 2023	1 LRD = 0.5597 CVE
23 October 2023	1 LRD = 0.5590 CVE
24 October 2023	1 LRD = 0.5551 CVE
25 October 2023	1 LRD = 0.5551 CVE
26 October 2023	1 LRD = 0.5602 CVE
27 October 2023	1 LRD = 0.5602 CVE
29 October 2023	1 LRD = 0.5606 CVE
30 October 2023	1 LRD = 0.5604 CVE
31 October 2023	1 LRD = 0.5593 CVE

29/06/2020: Introduction of New Banknotes

Liberia introduces new banknotes with enhanced security features to combat counterfeiting and improve confidence in the currency.

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.

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.

01/01/2005: Decimalization of the escudo

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

14/10/2000: ECOWAS Intervention

ECOWAS forces intervene in Liberia, leading to improved stability and gradual recovery of the Liberian dollar.

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.

19/07/1997: Liberian Dollar Depreciation

The Liberian dollar experiences a significant depreciation due to economic mismanagement and the aftermath of the civil war.

26/01/1982: Liberian Civil War Begins

The Liberian civil war begins, leading to significant economic instability and devaluation of the Liberian dollar.

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.

23/03/1907: Liberian Dollar Pegged to US Dollar

The Liberian dollar is pegged to the U.S. dollar at a ratio of 2:1, maintaining a fixed exchange rate for many years.

10/07/1849: Introduction of Liberian Dollar

The Liberian dollar is introduced as the official currency of Liberia, replacing the use of foreign currencies in the country.

26/07/1847: Liberian Independence

Liberia declares independence from the American Colonization Society, establishing the first republic in Africa.

Historic Liberian dollar Cape Verdean escudo