Convert Angolan Kwanza to Chinese Yuan
Please provide values below to convert Angolan Kwanza [AOA] to Chinese Yuan [CNY], or Convert Chinese Yuan to Angolan Kwanza.
How to Convert Angolan Kwanza to Chinese Yuan
1 AOA = 128.172988193312 CNY
Example: convert 15 AOA to CNY:
15 AOA = 15 × 128.172988193312 CNY = 1922.59482289968 CNY
Angolan Kwanza to Chinese Yuan Conversion Table
| Angolan Kwanza | Chinese Yuan |
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Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.
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).