Convert Chinese Yuan to Saudi Riyal
Please provide values below to convert Chinese Yuan [CNY] to Saudi Riyal [SAR], or Convert Saudi Riyal to Chinese Yuan.
How to Convert Chinese Yuan to Saudi Riyal
1 CNY = 1.91304 SAR
Example: convert 15 CNY to SAR:
15 CNY = 15 × 1.91304 SAR = 28.6956 SAR
Chinese Yuan to Saudi Riyal Conversion Table
| Chinese Yuan | Saudi Riyal |
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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).
Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.