renminbi

plural noun

ren·​min·​bi ˈren-ˈmin-ˈbē How to pronounce renminbi (audio)
variants or 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 This is even more noticeable for Hongkongers because the Hong Kong dollar, which is pegged to the US currency, has been rising in value compared to the renminbi, making prices in Shenzhen more affordable. Chris Lau, CNN, 24 Feb. 2024 The renminbi, meanwhile, has weakened on the country’s sluggish economic recovery from the pandemic. Kristin Broughton, WSJ, 30 Nov. 2023 The renminbi fell in value earlier this year to its lowest level in 16 years. Joy Dong, New York Times, 28 Nov. 2023 The edge that America has over China is shrinking and its debt to China is huge and growing at a fast clip, especially since the renminbi has been devalued by 20%. Ram Charan, Fortune, 12 Dec. 2023 The company modified its guidance primarily due to the strength of the dollar against the Japanese yen and the Chinese yuan, also called the renminbi. Kristin Broughton, WSJ, 30 Nov. 2023 China and Saudi Arabia are drawing up plans to invoice oil in renminbi. Carla Norrlöf, Foreign Affairs, 21 Feb. 2023 Though the state is nominally part of Myanmar, the Wa have their own political structures, use the Chinese renminbi instead of the kyat, and have a separate armed force. Avinash Paliwal, Foreign Affairs, 24 Jan. 2024 Money sluicing out of China has weakened the currency, the renminbi, against the dollar and other currencies. Joy Dong, New York Times, 28 Nov. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'renminbi.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

Etymology

Chinese (Beijing) rénmínbì, from rénmín people + currency

First Known Use

1957, in the meaning defined above

Time Traveler
The first known use of renminbi was in 1957

Dictionary Entries Near renminbi

Cite this Entry

“Renminbi.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/renminbi. Accessed 19 Mar. 2024.

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