Since 1998, the Cape Verdean escudo has had its exchange rate pegged directly to which major currency?
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Initially pegged to the Portuguese escudo, the Cape Verdean escudo was linked directly to the Euro at a fixed rate after Portugal adopted the single European currency. This peg helps maintain economic and price stability in the country. Photo: Lrj900, Wikimedia Commons, CC0.
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Source: Wikipedia (CC BY-SA)
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