Convert Libyan Dinar to Chinese Yuan
Please provide values below to convert Libyan Dinar [LYD] to Chinese Yuan [CNY], or Convert Chinese Yuan to Libyan Dinar.
How to Convert Libyan Dinar to Chinese Yuan
1 LYD = 0.756631678724264 CNY
Example: convert 15 LYD to CNY:
15 LYD = 15 × 0.756631678724264 CNY = 11.349475180864 CNY
Libyan Dinar to Chinese Yuan Conversion Table
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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.
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).