renminbi

plural noun
ren·​min·​bi | \ ˈren-ˈmin-ˈbē How to pronounce renminbi (audio) \
variants: or Renminbi

Definition of renminbi

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

Examples of renminbi in a Sentence

Recent Examples on the Web

Exchange rates, though, do matter, and in the context of the escalating tariff war, the recent moves between the dollar and the Chinese yuan (also called the renminbi) matter greatly. Wired, "Listen, Here’s Why the Value of China’s Yuan Really Matters," 7 Aug. 2019 Hong Kong also acts as a hub for internationalization of China’s currency, the renminbi. Time, "Why Business Has a Stake in Hong Kong's Protests," 11 July 2019 China’s economic growth is slowing, and the country has to cope with major structural issues, notably a rapidly aging workforce, deleveraging, and the break in the renminbi’s peg to the US dollar. Marilynne Robinson, Harper's magazine, "Letters," 10 May 2019 This over-dependence on China comes with a perennial risk: a repeat of 2013-2014, when the Chinese authorities clamped down on corrupt gift-giving, or 2016, when Chinese consumer confidence and spending power was hit by the renminbi devaluation. Stephen Wilmot, WSJ, "The Reborn Bling Dynasty in China," 7 June 2018 Bloomberg reported on Monday, citing unnamed sources, that Beijing was analysing the potential impact of renminbi devaluation as a tool to combat a trade deal that results in lower Chinese exports. Tory Newmyer, Washington Post, "The Finance 202: Mixed messages on what Trump dubs 'stupid trade'," 9 Apr. 2018 The Chinese currency, which is also known as the renminbi, rallied earlier this month on a temporary truce on trade between the U.S. and Chinese governments, dropping from as high as 6.98 in November. Mike Bird, WSJ, "China’s Mountain of U.S. Government Bonds Shrinks for Fifth Straight Month," 17 Dec. 2018 Some analysts worry that Beijing may retaliate against the United States by weakening the value of China’s currency, the renminbi, relative to the dollar. Matt Phillips, The Seattle Times, "As trade war escalates, stock markets shrug — here’s why," 18 Sep. 2018 On Tuesday, the renminbi had lost a little more ground against the dollar. Matt Phillips, The Seattle Times, "As trade war escalates, stock markets shrug — here’s why," 18 Sep. 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

Statistics for renminbi

Last Updated

11 Aug 2019

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Time Traveler for renminbi

The first known use of renminbi was in 1957

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More from Merriam-Webster on renminbi

Rhyming Dictionary: Words that rhyme with renminbi

Nglish: Translation of renminbi for Spanish Speakers

Britannica.com: Encyclopedia article about renminbi

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