Convert Chinese Yuan to Moldovan Leu
Please provide values below to convert Chinese Yuan [CNY] to Moldovan Leu [MDL], or Convert Moldovan Leu to Chinese Yuan.
How to Convert Chinese Yuan to Moldovan Leu
1 CNY = 0.423276396141251 MDL
Example: convert 15 CNY to MDL:
15 CNY = 15 × 0.423276396141251 MDL = 6.34914594211877 MDL
Chinese Yuan to Moldovan Leu Conversion Table
| Chinese Yuan | Moldovan Leu |
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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).
Moldovan Leu
The Moldovan Leu (MDL) is the official currency of Moldova, used for all monetary transactions within the country.
History/Origin
The Moldovan Leu was introduced in 1993, replacing the Soviet ruble, following Moldova's independence. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Moldovan Leu is actively used as the national currency for everyday transactions, banking, and trade in Moldova. It is issued and regulated by the National Bank of Moldova.