renminbi

American  

[ren-min-bee] / ˈrɛnˈmɪnˈbi /

noun

plural

renminbi

1. the currency of the People's Republic of China, the basic unit of which is the yuan.

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renminbi British  

/ ˌrɛnˌmɪnˈbiː /

noun

1. another name for the Chinese yuan

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Etymology

Origin of renminbi

1955–60; < Chinese rénmínbi, equivalent to rénmín people + bì currency

Example Sentences

Against a backdrop of worsening inflation, tariffs, and the maintenance of a significantly undervalued currency—in the case of the Chinese renminbi—would give way to trade deals and a stronger renminbi, Gavekal says.

From Barron's

Against this backdrop, Gave sees global investors shifting away from gold and U.S. treasuries and toward the Chinese renminbi or other Asian currency-denominated securities that offer a yield.

From Barron's

That’s one way to say, over to you now policymakers, over to you people from the corporate world, you don’t necessarily have to invoice in renminbi or in dollars or in rupees.

From The Wall Street Journal

The volume of dollars held in reserve by central banks is decreasing a little bit, and it’s not to the benefit of the renminbi, which is pretty stagnant; it’s more other currencies like the yen, the Swiss franc, and the pound.

From The Wall Street Journal

Last month’s uptick came as China’s central bank recently signaled its tolerance for a stronger yuan amid criticism that Beijing is intentionally devaluing the Chinese currency, also known as renminbi, to boost exports.

From The Wall Street Journal