Convert Saint Helena Pound to Chinese Yuan
Please provide values below to convert Saint Helena Pound [SHP] to Chinese Yuan [CNY], or Convert Chinese Yuan to Saint Helena Pound.
How to Convert Saint Helena Pound to Chinese Yuan
1 SHP = 0.103193520957917 CNY
Example: convert 15 SHP to CNY:
15 SHP = 15 × 0.103193520957917 CNY = 1.54790281436875 CNY
Saint Helena Pound to Chinese Yuan Conversion Table
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Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
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).