Convert Moroccan Dirham to Chinese Yuan
Please provide values below to convert Moroccan Dirham [MAD] to Chinese Yuan [CNY], or Convert Chinese Yuan to Moroccan Dirham.
How to Convert Moroccan Dirham to Chinese Yuan
1 MAD = 1.25570470734189 CNY
Example: convert 15 MAD to CNY:
15 MAD = 15 × 1.25570470734189 CNY = 18.8355706101284 CNY
Moroccan Dirham to Chinese Yuan Conversion Table
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Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific 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).