Convert Chinese Yuan to Mozambican Metical
Please provide values below to convert Chinese Yuan [CNY] to Mozambican Metical [MZN], or Convert Mozambican Metical to Chinese Yuan.
How to Convert Chinese Yuan to Mozambican Metical
1 CNY = 0.112757633722767 MZN
Example: convert 15 CNY to MZN:
15 CNY = 15 × 0.112757633722767 MZN = 1.69136450584151 MZN
Chinese Yuan to Mozambican Metical Conversion Table
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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).
Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.