Convert Saudi Riyal to Chinese Yuan
Please provide values below to convert Saudi Riyal [SAR] to Chinese Yuan [CNY], or Convert Chinese Yuan to Saudi Riyal.
How to Convert Saudi Riyal to Chinese Yuan
1 SAR = 0.522728223142224 CNY
Example: convert 15 SAR to CNY:
15 SAR = 15 × 0.522728223142224 CNY = 7.84092334713336 CNY
Saudi Riyal to Chinese Yuan Conversion Table
Saudi Riyal | Chinese Yuan |
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Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.
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).