Yuan To Naira Exchange Rate Today : 1 CNY To Ngn

Are you interested in the exchange rates of the Chinese Yuan to the Nigerian Naira? If you answer yes which I know you’re then this article is for you. Knowing the exchange rate Yuan to Naira { 1 CNY to NGN } is very important because of the business relationship between the two countries. No Nigerian would double the existence of Chinese products in his surrounding. Simply put, Chinese products are becoming part of the items in the life of an average Nigerian. These ranges from Mobile phones, TV sets, generators, clothes and other numerous products. In fact, some of their products have been branded to “Made in….. (other countries)” as a way of distracting people from seeing them as made in China due to the perceived inferior look people give some of their products.

Yuan To Naira Exchange Rate Today 1 CNY To Ngn

Many Nigerian Businessmen now have their products manufactured in China because of the low cost of production. In fact, there’s hardly a week that Nigerians in their numbers do not go to China for business reason. Due to this, we at Naijaquest.com had decided to discuss the Chinese Yuan to Nigerian Naira exchange rate today.

Yuan To Naira Exchange Rate Today: 1 CNY To Ngn

  • Bank rate

  • Bank rate

The Chinese Yuan to Nigerian Naira exchange rate displayed below are gotten from TheMoneyConverter.com. This is a popular choice among people interested in foreign exchange information. The information on this online Portal is correct, reliable and up-to-date.

1 CNY to NGN – 56.91

5 CNY to NGN – 284.56

10 CNY to NGN – 569.12

50 Yuan to Naira – 2,845.58

100 Yuan to Naira – 5,691.16

500 Yuan to Naira – 28,455.83

1,000 Yuan to Naira – 56,911.65

THE CHINESE YUAN

The Chinese Yuan is the currency of China. During the Republic of China email, a variety of currencies circulated in China, most of which were denominated in the unit “yuan” . In 1948 the People’s Bank of China issued a unified currency known as the Renminbi or ‘people’s currency’. Yuan in Chinese literally means a ’round object’ or ’round coin’.

THE NIGERIAN NAIRA

This was introduced in Nigeria on 1 January 1973 as the currency of Nigeria with the Central Bank of Nigeria as it sole issuer. This Nigerian Naira is divided into 100 kobo. Recently, inflation had been a major issue as the inflation rate of the Nigerian Naira is as high as 17.1%.

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