Chinese Yuan Renminbi in Zambian Kwacha

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.

ZMW Zambian Kwacha

Country of application:
Zambia

Coin denominations in circulation:
5, 10, 50 ngwe and 1 kwacha.

Denominations of banknotes in circulation:
2, 5, 10, 20, 50, 100 kwacha.

History reference:
The Zambian kwacha is the currency of the Republic of Zambia. 1 kwacha is made up of 100 ngwee. The kwacha has been the currency of Zambia since 1968, when it replaced the Zambian pound (exchange rat...e: 1 pound = 2 kwacha). Kwacha means "freedom" in one of the local dialects. On January 1, 2013, the kwacha was denominated with a change in its codes in the ISO 4217 standard: new letter code - ZMW (old - ZMK)