Convert Chinese Yuan to Bahamian Dollar
Please provide values below to convert Chinese Yuan [CNY] to Bahamian Dollar [BSD], or Convert Bahamian Dollar to Chinese Yuan.
How to Convert Chinese Yuan to Bahamian Dollar
1 CNY = 7.1739 BSD
Example: convert 15 CNY to BSD:
15 CNY = 15 × 7.1739 BSD = 107.6085 BSD
Chinese Yuan to Bahamian Dollar Conversion Table
| Chinese Yuan | Bahamian Dollar |
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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).
Bahamian Dollar
The Bahamian Dollar (BSD) is the official currency of The Bahamas, subdivided into 100 cents, used for all monetary transactions within the country.
History/Origin
Introduced in 1966, replacing the Bahamian pound, the Bahamian Dollar was initially pegged to the US dollar at par and has maintained a stable exchange rate since its inception.
Current Use
The Bahamian Dollar is widely used across The Bahamas for everyday transactions, banking, and trade, and is also accepted in some neighboring regions and for tourism-related activities.