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The Cape Verdean Escudo (CVE) is the official currency of Cape Verde, an island nation located in the central Atlantic Ocean. It is subdivided into 100 centavos and is used for all forms of monetary transactions within the country, including trade, services, and tourism.
The Euro (EUR) is the official currency of the Eurozone, which consists of 19 of the 27 European Union member states. It was introduced in 1999 and has become the second most traded currency in the world, following the United States dollar. The Euro facilitates easier trade and travel among member countries by eliminating the need for currency exchange and providing a stable economic framework.