Convert Solomon Islands Dollar to Chinese Yuan
Please provide values below to convert Solomon Islands Dollar [SBD] to Chinese Yuan [CNY], or Convert Chinese Yuan to Solomon Islands Dollar.
How to Convert Solomon Islands Dollar to Chinese Yuan
1 SBD = 1.14867784608093 CNY
Example: convert 15 SBD to CNY:
15 SBD = 15 × 1.14867784608093 CNY = 17.230167691214 CNY
Solomon Islands Dollar to Chinese Yuan Conversion Table
| Solomon Islands Dollar | Chinese Yuan |
|---|
Solomon Islands Dollar
The Solomon Islands Dollar (SBD) is the official currency of the Solomon Islands, used for all monetary transactions within the country.
History/Origin
The Solomon Islands Dollar was introduced in 1977, replacing the Australian dollar at par, to establish a distinct national currency following independence from British rule.
Current Use
The SBD is widely used in the Solomon Islands for everyday transactions, banking, and trade, and is pegged to a basket of currencies to maintain stability.
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).