Convert Chinese Yuan to Dominican Peso
Please provide values below to convert Chinese Yuan [CNY] to Dominican Peso [DOP], or Convert Dominican Peso to Chinese Yuan.
How to Convert Chinese Yuan to Dominican Peso
1 CNY = 0.118869612765323 DOP
Example: convert 15 CNY to DOP:
15 CNY = 15 × 0.118869612765323 DOP = 1.78304419147984 DOP
Chinese Yuan to Dominican Peso Conversion Table
| Chinese Yuan | Dominican Peso |
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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).
Dominican Peso
The Dominican Peso (DOP) is the official currency of the Dominican Republic, used for everyday transactions and financial exchanges within the country.
History/Origin
The Dominican Peso was introduced in 1947, replacing the Dominican Republic peso at a rate of 1 peso to 1 peso. It has undergone various reforms and decimalization over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the Dominican Peso remains the official currency of the Dominican Republic, widely used in all sectors of the economy, with banknotes and coins circulating throughout the country and in international transactions involving the Dominican Republic.