Convert Chinese Yuan to Nicaraguan Córdoba
Please provide values below to convert Chinese Yuan [CNY] to Nicaraguan Córdoba [NIO], or Convert Nicaraguan Córdoba to Chinese Yuan.
How to Convert Chinese Yuan to Nicaraguan Córdoba
1 CNY = 0.195016065807286 NIO
Example: convert 15 CNY to NIO:
15 CNY = 15 × 0.195016065807286 NIO = 2.9252409871093 NIO
Chinese Yuan to Nicaraguan Córdoba Conversion Table
| Chinese Yuan | Nicaraguan Córdoba |
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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).
Nicaraguan Córdoba
The Nicaraguan Córdoba (NIO) is the official currency of Nicaragua, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Nicaraguan Córdoba was introduced in 1912, replacing the Nicaraguan peso. It has undergone several redenominations and reforms, with the current version being issued in 1998 to stabilize the economy after periods of inflation.
Current Use
Today, the Nicaraguan Córdoba is the primary legal tender in Nicaragua, used in all financial transactions, banking, and commerce across the country.