Historic Cape Verdean escudo Lebanese pound

Cape Verdean escudo lebanese pound history for December 2023. The highest quote for this month is 151.19 (28/12/2023) and the lowest 151.14 (27/12/2023). The difference between high and low is 0.03.

CVE LBP average rate for December 2023 is 148.34929, the change between 01/12/2023 and 31/12/2023 is -1.82 %.

01 December 20231 CVE = 148.4 LBP
02 December 20231 CVE = 147.9 LBP
03 December 20231 CVE = 147.9 LBP
04 December 20231 CVE = 148.2 LBP
05 December 20231 CVE = 148.0 LBP
06 December 20231 CVE = 146.9 LBP
07 December 20231 CVE = 146.9 LBP
08 December 20231 CVE = 146.5 LBP
10 December 20231 CVE = 146.2 LBP
11 December 20231 CVE = 146.6 LBP
12 December 20231 CVE = 146.5 LBP
13 December 20231 CVE = 146.8 LBP
14 December 20231 CVE = 146.7 LBP
15 December 20231 CVE = 145.6 LBP
16 December 20231 CVE = 148.7 LBP
17 December 20231 CVE = 148.7 LBP
18 December 20231 CVE = 149.2 LBP
19 December 20231 CVE = 148.4 LBP
20 December 20231 CVE = 149.5 LBP
21 December 20231 CVE = 149.5 LBP
22 December 20231 CVE = 149.5 LBP
23 December 20231 CVE = 149.3 LBP
24 December 20231 CVE = 149.9 LBP
25 December 20231 CVE = 149.9 LBP
26 December 20231 CVE = 149.9 LBP
27 December 20231 CVE = 150.2 LBP
28 December 20231 CVE = 151.2 LBP
29 December 20231 CVE = 151.1 LBP

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.

17/10/2019: Protests against economic crisis

Mass protests erupted in Lebanon due to economic crisis, leading to further depreciation of the Lebanese pound.

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.

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.

03/11/1997: Revaluation of the Lebanese pound

The Lebanese pound was revalued at a rate of 1,500 LBP = 1 USD, ending the fixed exchange rate with the US dollar.

01/01/1986: Introduction of the parallel exchange market

The parallel exchange market was introduced in Lebanon, leading to a diverging exchange rate between the official and unofficial markets.

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.

01/01/1976: Lebanese Civil War

The Lebanese Civil War began, causing significant economic instability and devaluation of the Lebanese pound.

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.

01/01/1961: Pegged to the US dollar

The Lebanese pound was pegged to the US dollar at an exchange rate of 1 LBP = 1.5 USD.

27/11/1941: Devaluation of the Lebanese pound

The Lebanese pound was devalued by 41.9% following the breakup of the French franc.

01/10/1920: Lebanese pound introduced

The Lebanese pound was introduced at a fixed exchange rate of 1 pound = 20 French francs during the French mandate period.
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