Convert Chinese Yuan to Libyan Dinar
Please provide values below to convert Chinese Yuan [CNY] to Libyan Dinar [LYD], or Convert Libyan Dinar to Chinese Yuan.
How to Convert Chinese Yuan to Libyan Dinar
1 CNY = 1.32164701547531 LYD
Example: convert 15 CNY to LYD:
15 CNY = 15 × 1.32164701547531 LYD = 19.8247052321297 LYD
Chinese Yuan to Libyan Dinar Conversion Table
| Chinese Yuan | Libyan Dinar |
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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).
Libyan Dinar
The Libyan Dinar (LYD) is the official currency of Libya, used for all monetary transactions within the country.
History/Origin
The Libyan Dinar was introduced in 1971, replacing the Libyan Pound at par, and has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the LYD is actively used in Libya for everyday transactions, banking, and international trade, with the Central Bank of Libya managing its issuance and regulation.