Convert Chinese Yuan to Maldivian Rufiyaa
Please provide values below to convert Chinese Yuan [CNY] to Maldivian Rufiyaa [MVR], or Convert Maldivian Rufiyaa to Chinese Yuan.
How to Convert Chinese Yuan to Maldivian Rufiyaa
1 CNY = 0.464685002137555 MVR
Example: convert 15 CNY to MVR:
15 CNY = 15 × 0.464685002137555 MVR = 6.97027503206332 MVR
Chinese Yuan to Maldivian Rufiyaa Conversion Table
| Chinese Yuan | Maldivian Rufiyaa |
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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).
Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.