Convert Chinese Yuan to Rwandan Franc
Please provide values below to convert Chinese Yuan [CNY] to Rwandan Franc [RWF], or Convert Rwandan Franc to Chinese Yuan.
How to Convert Chinese Yuan to Rwandan Franc
1 CNY = 0.00495650115609548 RWF
Example: convert 15 CNY to RWF:
15 CNY = 15 × 0.00495650115609548 RWF = 0.0743475173414322 RWF
Chinese Yuan to Rwandan Franc Conversion Table
| Chinese Yuan | Rwandan Franc |
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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).
Rwandan Franc
The Rwandan Franc (RWF) is the official currency of Rwanda, used for all monetary transactions within the country.
History/Origin
The Rwandan Franc was introduced in 1964, replacing the Rwandan Congolese franc, and has undergone various redenominations and updates since then to stabilize the economy and facilitate trade.
Current Use
Today, the Rwandan Franc is widely used in Rwanda for everyday transactions, banking, and trade, with coins and banknotes issued by the National Bank of Rwanda.