Convert Albanian Lek to Chinese Yuan
Please provide values below to convert Albanian Lek [ALL] to Chinese Yuan [CNY], or Convert Chinese Yuan to Albanian Lek.
How to Convert Albanian Lek to Chinese Yuan
1 ALL = 11.6249599241696 CNY
Example: convert 15 ALL to CNY:
15 ALL = 15 × 11.6249599241696 CNY = 174.374398862543 CNY
Albanian Lek to Chinese Yuan Conversion Table
| Albanian Lek | Chinese Yuan |
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Albanian Lek
The Albanian Lek (ALL) is the official currency of Albania, used for everyday transactions and financial exchanges within the country.
History/Origin
The Albanian Lek was introduced in 1926, replacing the Albanian franc, and has undergone several reforms, with the current version issued since 1992 to stabilize the economy after the fall of communism.
Current Use
The Albanian Lek is actively used as the primary currency in Albania for all forms of payment, banking, and financial transactions.
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).