1 CVE (Cape Verde Escudo) is approximately equal to 0.0656 RMB (Chinese Yuan Renminbi - CNY). It is the official currency of Cape Verde. Cape Verde, also known as Cabo Verde, is a nation on the northwest coast of Africa. The currency is denoted by the $ symbol, but is used to separate decimals; for example, 30$00 indicates 30 Escudos. The CVE (Cape Verde Escudo) is pegged to the Euro at 1 Euro = 110$265 Escudos. The Bank of Cape Verde is the governing body of Escudo. The Cape Verde Escudo is divided into 100 Centavos. The RMB (Renminbi) or CNY (Chinese Yuan Renminbi) is the official currency of the People's Republic of China.