South African Rand to Cape Verdean Escudo | Bank

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The South African Rand (ZAR) is the official currency of South Africa. It was introduced in 1961 when it replaced the South African pound. The Rand is also legal tender in the Common Monetary Area between South Africa, Eswatini, Lesotho, and Namibia.

The Cape Verdean Escudo (CVE) is the official currency of Cape Verde. It was introduced in 1977, replacing the Cape Verdean real. The currency is pegged to the euro at a fixed exchange rate.