Convert Chinese Yuan to Namibian Dollar
Please provide values below to convert Chinese Yuan [CNY] to Namibian Dollar [NAD], or Convert Namibian Dollar to Chinese Yuan.
How to Convert Chinese Yuan to Namibian Dollar
1 CNY = 0.408380629258768 NAD
Example: convert 15 CNY to NAD:
15 CNY = 15 × 0.408380629258768 NAD = 6.12570943888152 NAD
Chinese Yuan to Namibian Dollar Conversion Table
| Chinese Yuan | Namibian Dollar |
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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).
Namibian Dollar
The Namibian Dollar (NAD) is the official currency of Namibia, used for all monetary transactions within the country.
History/Origin
Introduced in 1993, replacing the South African Rand at par, the Namibian Dollar was established to establish a distinct national currency following independence from South Africa.
Current Use
The NAD is widely used in Namibia for everyday transactions, banking, and trade, and is pegged at par with the South African Rand, which is also accepted in Namibia.