Convert Chinese Yuan to Armenian Dram
Please provide values below to convert Chinese Yuan [CNY] to Armenian Dram [AMD], or Convert Armenian Dram to Chinese Yuan.
How to Convert Chinese Yuan to Armenian Dram
1 CNY = 0.0186794530963174 AMD
Example: convert 15 CNY to AMD:
15 CNY = 15 × 0.0186794530963174 AMD = 0.280191796444762 AMD
Chinese Yuan to Armenian Dram Conversion Table
| Chinese Yuan | Armenian Dram |
|---|
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).
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.