MwanzoCNY / GHS • Sarafu
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2.2972
9 Nov, 04:03:00 UTC · Kanusho
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2.30
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The renminbi, also known as the Chinese yuan, is the official currency of the People's Republic of China. The renminbi is issued by the People's Bank of China, the monetary authority of China. It is the world's fifth-most-traded currency as of April 2022. The yuan is the basic unit of the renminbi. One yuan is divided into 10 jiao, and the jiao is further subdivided into 10 fen. The word yuan is widely used to refer to the Chinese currency generally, especially in international contexts. Wikipedia
The cedi is the unit of currency of Ghana. It is the fourth historical and only current legal tender in the Republic of Ghana. One Cedi is divided into one hundred Pesewas. After independence, Ghana separated itself from the British West African pound, which was the currency of the British colonies in the region. The new republic's first independent currency was the Ghanaian pound. In 1965, Ghana decided to leave the British colonial monetary system and adopt the widely accepted decimal system. The African name Cedi was introduced in place of the old British pound system. Ghana's first President Kwame Nkrumah introduced Cedi notes and Pesewa coins in July 1965 to replace the Ghanaian pounds, shillings and pence. The Cedi bore the portrait of the President and was equivalent to eight shillings and four pence, i.e. one hundred old pence, so that 1 pesewa was equal to one penny. After the February 1966 military coup, the new leaders wanted to remove the face of Nkrumah from the banknotes. The "new Cedi" was worth 1.2 Cedis, which made it equal to half of a pound sterling at its introduction. Wikipedia
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