Chinese Yuan Renminbi in Canadian Dollar

CNY Chinese Yuan Renminbi

Country of application:
PRC

Coin denominations in circulation:
1 yuan, 5, 2 and 1 jiao.

Denominations of banknotes in circulation:
100, 50, 20, 10, 5, 2 (rare) and 1 yuan, as well as 5, 2 and 1 jiao.

History reference:
The Chinese Yuan is the official currency of the Peoples Republic of China. Until the beginning of the 20th century, in China, for large-scale settlements, they used silver ingots - lyans. Small purc...hases were made using bronze round coins with a square hole in the center - qian, which Europeans call "keshi". Silver yuan began to be made in 1835. The use of silver coins and silver liang was banned in China in 1935. Instead, a boom in paper money began to grow - fabi. A certain easing in monetary policy occurred only in 2005, when the Chinese authorities carried out a revaluation of the yuan, raising its value by 2%. By 2008, the yuan appreciated by more than 20% to 6.82 yuan per US dollar. Nevertheless, even today, the PRC continues to enjoy certain foreign trade advantages, which are based on the undervalued exchange rate of the national currency.

CAD Canadian Dollar

Country of application:
Canada

Coin denominations in circulation:
2 and 1 dollar, 50, 25, 10 and 5 cents.

Denominations of banknotes in circulation:
100, 50, 20, 10 and 5 dollars.

History reference:
The Canadian dollar is the national currency and monetary unit of Canada. The country of currency circulation is Canada. The rate of the Canadian dollar is set during trading on the currency exchange... and is constantly changing. Its value depends on the balance of supply and demand. According to the accepted in the 70s. IMF Jamaican currency system, this method of determining the exchange rate is called free conversion. When, in 1759, part of the state was captured by British troops, more than 60 thousand people already lived in it, using French as their main language. Since 2011, this figure has exceeded seven million, and the language has become the second officially recognized state language. As a tribute to the traditional names of such colonies, most often the Quebecers, but also others, call banknotes plays (pesos), and change coins sous, instead of cents.