Convert Qatari Rial to Chinese Yuan
Please provide values below to convert Qatari Rial [QAR] to Chinese Yuan [CNY], or Convert Chinese Yuan to Qatari Rial.
How to Convert Qatari Rial to Chinese Yuan
1 QAR = 0.507394861930052 CNY
Example: convert 15 QAR to CNY:
15 QAR = 15 × 0.507394861930052 CNY = 7.61092292895078 CNY
Qatari Rial to Chinese Yuan Conversion Table
| Qatari Rial | Chinese Yuan |
|---|
Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.
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).