Convert Chinese Yuan to Angolan Kwanza
Please provide values below to convert Chinese Yuan [CNY] to Angolan Kwanza [AOA], or Convert Angolan Kwanza to Chinese Yuan.
How to Convert Chinese Yuan to Angolan Kwanza
1 CNY = 0.00780195588864472 AOA
Example: convert 15 CNY to AOA:
15 CNY = 15 × 0.00780195588864472 AOA = 0.117029338329671 AOA
Chinese Yuan to Angolan Kwanza Conversion Table
| Chinese Yuan | Angolan Kwanza |
|---|
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).
Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.