Convert Peruvian Nuevo Sol to Chinese Yuan
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Chinese Yuan [CNY], or Convert Chinese Yuan to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Chinese Yuan
1 PEN = 0.495922719859491 CNY
Example: convert 15 PEN to CNY:
15 PEN = 15 × 0.495922719859491 CNY = 7.43884079789236 CNY
Peruvian Nuevo Sol to Chinese Yuan Conversion Table
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
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).