Convert Chinese Yuan to Bulgarian Lev
Please provide values below to convert Chinese Yuan [CNY] to Bulgarian Lev [BGN], or Convert Bulgarian Lev to Chinese Yuan.
How to Convert Chinese Yuan to Bulgarian Lev
1 CNY = 4.30193091868554 BGN
Example: convert 15 CNY to BGN:
15 CNY = 15 × 4.30193091868554 BGN = 64.528963780283 BGN
Chinese Yuan to Bulgarian Lev Conversion Table
| Chinese Yuan | Bulgarian Lev |
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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).
Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Lev was introduced in 1881, replacing the Bulgarian lev of the Ottoman Empire, and has undergone several reforms, most notably in 1999 when the current fixed exchange rate system was established to stabilize the economy.
Current Use
The Bulgarian Lev is the sole legal tender in Bulgaria, widely used in all financial transactions, banking, and commerce within the country, and is pegged to the Euro at a fixed rate.