1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 15.2336 CVE (Cape Verde Escudo). 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.