Historic Lebanese pound Cape Verdean escudo

Lebanese pound cape verdean escudo history for February 2024. The highest quote for this month is 0.00685 (15/02/2024) and the lowest 0.006863 (14/02/2024). The difference between high and low is -0.19.

LBP CVE average rate for February 2024 is 0.00477, the change between 01/02/2024 and 29/02/2024 is +83.11 %.

01 February 20241 LBP = 0.0067 CVE
02 February 20241 LBP = 0.0068 CVE
03 February 20241 LBP = 0.0068 CVE
04 February 20241 LBP = 0.0068 CVE
05 February 20241 LBP = 0.0068 CVE
06 February 20241 LBP = 0.0068 CVE
07 February 20241 LBP = 0.0068 CVE
08 February 20241 LBP = 0.0068 CVE
09 February 20241 LBP = 0.0068 CVE
12 February 20241 LBP = 0.0068 CVE
13 February 20241 LBP = 0.0068 CVE
14 February 20241 LBP = 0.0068 CVE
15 February 20241 LBP = 0.0069 CVE
16 February 20241 LBP = 0.0068 CVE
19 February 20241 LBP = 0.0068 CVE
20 February 20241 LBP = 0.0068 CVE
21 February 20241 LBP = 0.0011 CVE
22 February 20241 LBP = 0.0011 CVE
23 February 20241 LBP = 0.0011 CVE
24 February 20241 LBP = 0.0011 CVE
25 February 20241 LBP = 0.0011 CVE
26 February 20241 LBP = 0.0011 CVE
27 February 20241 LBP = 0.0011 CVE
28 February 20241 LBP = 0.0011 CVE
29 February 20241 LBP = 0.0011 CVE

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.
LBP CVE July 2023
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LBP CVE February 2024
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