RMB

abbreviation for

1. renminbi (yuan)

Example Sentences

As a result of the "increasingly high borrowing cost of the dollar... many debtors have turned to the RMB for financing or refinancing," Natixis economist Haoxin Mu said, while also citing "the weaponisation of the dollar" in the wake of the Ukraine war as a factor behind the increased use of the yuan.

From Reuters

"You can see that the countries that are basically using the RMB for trade settlements are mostly countries that have visited Beijing or have come up with strategic agreements with Beijing, Russia being the most obvious one," said Alicia Garcia Herrero, Asia Pacific chief economist at Natixis.

From Reuters

On Tuesday, Save the Redwoods League announced a plan to raise $6.5 million to buy the property from RMB Revocable Family Trust — which owns the acreage and planned to log a portion of it this year.

From Los Angeles Times

"Our fund returns and dividends are priced in yuan, so using the RMB counter can remove forex exchange costs, and shield us from currency volatility."

From Reuters

Under the dual counter arrangement, investors can choose to trade a stock either using Hong Kong dollars via the HKD counter, or yuan via the RMB counter, with market makers providing liquidity and minimizing price discrepancies.

From Reuters