Convert Chinese Yuan to Solomon Islands Dollar
Please provide values below to convert Chinese Yuan [CNY] to Solomon Islands Dollar [SBD], or Convert Solomon Islands Dollar to Chinese Yuan.
How to Convert Chinese Yuan to Solomon Islands Dollar
1 CNY = 0.870566106425581 SBD
Example: convert 15 CNY to SBD:
15 CNY = 15 × 0.870566106425581 SBD = 13.0584915963837 SBD
Chinese Yuan to Solomon Islands Dollar Conversion Table
| Chinese Yuan | Solomon Islands 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).
Solomon Islands Dollar
The Solomon Islands Dollar (SBD) is the official currency of the Solomon Islands, used for all monetary transactions within the country.
History/Origin
The Solomon Islands Dollar was introduced in 1977, replacing the Australian dollar at par, to establish a distinct national currency following independence from British rule.
Current Use
The SBD is widely used in the Solomon Islands for everyday transactions, banking, and trade, and is pegged to a basket of currencies to maintain stability.