Convert Israeli New Sheqel to Chinese Yuan
Please provide values below to convert Israeli New Sheqel [ILS] to Chinese Yuan [CNY], or Convert Chinese Yuan to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Chinese Yuan
1 ILS = 0.466273575042864 CNY
Example: convert 15 ILS to CNY:
15 ILS = 15 × 0.466273575042864 CNY = 6.99410362564296 CNY
Israeli New Sheqel to Chinese Yuan Conversion Table
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Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.
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).