renminbi

plural noun
ren·min·bi | \ ˈren-ˈmin-ˈbē \
variants: or Renminbi

Definition of renminbi 

: the currency of the People's Republic of China consisting of yuan

Examples of renminbi in a Sentence

Recent Examples on the Web

Born in the province of Inner Mongolia, he was sold as an infant by his impoverished parents to a more prosperous family in a neighboring village for 50 renminbi—the equivalent of $7. Klara Glowczewska, Town & Country, "Meet the Chinese Philanthropists Who Are Pledging Big Money to End Climate Change," 25 May 2018 How much has the Trump family made, and where, and who has paid them, right down to the last ruble, renminbi, manat, shekel, peso, and loonie? Kevin Baker, The New Republic, "Why America needs truth and reconciliation after Trump," 17 May 2018 Klaus Baader, Chief Economist:Asia Pacific, Societe Generale HK Branch discussed Macron’s win in the French legislative election, stability in the renminbi and China’s possible MSCI inclusion with Angie Lau and Bryan Curtis. Bloomberg.com, "Generational Change Being Seen in France," 19 June 2017 Dollars, pounds, euros, yen and renminbi are better means of payment, stores of value and things in themselves. Bill Harris, Recode, "Bitcoin is the greatest scam in history," 24 Apr. 2018 Gross theatrical revenues in China amounted to 20.2 billion yuan, also known as the renminbi (RMB), in the three months to the end of March, according to data assembled by Variety from official and industry sources. NBC News, "China box office overtakes North America for first time," 3 Apr. 2018 Through the central bank and other institutions, China tightly controls how its currency, the renminbi, is used and valued. Keith Bradsher, New York Times, "China to Name New Central Bank Chief as It Seeks Continuity Amid Change," 18 Mar. 2018 In July and August, the Chinese have had to dump about $100 billion of the country’s massive $4 trillion in foreign exchange reserves to defend the renminbi; that is, to keep it from moving even lower. Bill Powell, Newsweek, "Clash of the Superpowers: Xi Jinping Comes to America," 21 Sep. 2015 The exchange’s token-to-token business model already fits with Chinese regulations, which prohibits fiat currency, like the renminbi, in cryptocurrency swaps. Robert Hackett, Fortune, "The Video Cloud video is not playable.," 26 Feb. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'renminbi.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of renminbi

1957, in the meaning defined above

History and Etymology for renminbi

Chinese (Beijing) rénmínbì, from rénmín people + currency

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Dictionary Entries near renminbi

reniportal

renitency

renitent

renminbi

Renner

Rennes

rennet

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The first known use of renminbi was in 1957

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