Convert Chinese Yuan to Ethiopian Birr
Please provide values below to convert Chinese Yuan [CNY] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to Chinese Yuan.
How to Convert Chinese Yuan to Ethiopian Birr
1 CNY = 0.0525032714370611 ETB
Example: convert 15 CNY to ETB:
15 CNY = 15 × 0.0525032714370611 ETB = 0.787549071555916 ETB
Chinese Yuan to Ethiopian Birr Conversion Table
| Chinese Yuan | Ethiopian Birr |
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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).
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.