Convert Chinese Yuan to Bhutanese Ngultrum
Please provide values below to convert Chinese Yuan [CNY] to Bhutanese Ngultrum [BTN], or Convert Bhutanese Ngultrum to Chinese Yuan.
How to Convert Chinese Yuan to Bhutanese Ngultrum
1 CNY = 0.0830471096910868 BTN
Example: convert 15 CNY to BTN:
15 CNY = 15 × 0.0830471096910868 BTN = 1.2457066453663 BTN
Chinese Yuan to Bhutanese Ngultrum Conversion Table
| Chinese Yuan | Bhutanese Ngultrum |
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Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).
Bhutanese Ngultrum
The Bhutanese Ngultrum (BTN) is the official currency of Bhutan, used for all monetary transactions within the country.
History/Origin
Introduced in 1974, the Ngultrum replaced the Indian Rupee as Bhutan's official currency, establishing a separate national currency to promote economic independence.
Current Use
The Ngultrum remains the official currency of Bhutan, widely used in everyday transactions, with coins and banknotes issued by the Royal Monetary Authority of Bhutan.