Convert Chinese Yuan to Lebanese Pound
Please provide values below to convert Chinese Yuan [CNY] to Lebanese Pound [LBP], or Convert Lebanese Pound to Chinese Yuan.
How to Convert Chinese Yuan to Lebanese Pound
1 CNY = 8.01553072625698e-05 LBP
Example: convert 15 CNY to LBP:
15 CNY = 15 × 8.01553072625698e-05 LBP = 0.00120232960893855 LBP
Chinese Yuan to Lebanese Pound Conversion Table
| Chinese Yuan | Lebanese Pound |
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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).
Lebanese Pound
The Lebanese Pound (LBP) is the official currency of Lebanon, used for everyday transactions and financial exchanges within the country.
History/Origin
The Lebanese Pound was introduced in 1939, replacing the Lebanese lira, and has undergone various devaluations and reforms due to economic challenges and political instability over the decades.
Current Use
Today, the Lebanese Pound remains the official currency of Lebanon, but due to economic crises, the country also extensively uses the US dollar for transactions and savings.