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We have taken the lead to provide you more with — how to calculate the currency rate from the Nigerian Naira to other currencies and today’s own is about how average Nigerian travelers can convert the Chinese Yuan to the Nigerian Naira at ease.
The yuan is the basic unit of the renminbi, but the word is also used to refer to the Chinese currency generally, especially in international contexts. One yuan divides into ten jiao, and a jiao in turn divides into ten fen. The renminbi is issued by the People’s Bank of China , the monetary authority of China.
However, the relationship between the Naira and the Yuan is mostly heard from the Nigerian government when they have to borrow some money from the Chinese government. Not many Nigerians trade with the Chinese Yuan lately, but a large number of Nigerians still trade with China or have business clients who are Chinese. So, in form of payment or income, the Chinese Yuan may be received, and they would surely want to convert the currency not Naira. If you’re one of those who is receiving Chinese Yuan, as at today Saturday May 1st, 2021 the exchange rate is 1 Yuan to 57.88 Naira.
That is if you’re receiving 1000 Yuan for example, it it would be multiplied by 57.88. Naira, which equals to 57,880 Naira.
We are glad to give you the Currency converter to convert from Chinese Yuan (CNY) to Nigerian Naira (NGN) including the latest exchange rates, a chart showing the exchange rate history.
If you live in other country too or know someone who is in another country and will be in need of any article on how to convert from Naira to other currency, then you can check our Naira to other currencies articles here.
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Source: Nigeria Insider