Convert Chinese Yuan to Nigerian Naira
Please provide values below to convert Chinese Yuan [CNY] to Nigerian Naira [NGN], or Convert Nigerian Naira to Chinese Yuan.
How to Convert Chinese Yuan to Nigerian Naira
1 CNY = 0.00468667041788449 NGN
Example: convert 15 CNY to NGN:
15 CNY = 15 × 0.00468667041788449 NGN = 0.0703000562682673 NGN
Chinese Yuan to Nigerian Naira Conversion Table
| Chinese Yuan | Nigerian Naira |
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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).
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.