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 This year alone, the dollar is up 15% against the Japanese yen, 10% against the British pound, and 5% compared to China’s renminbi. Will Daniel, Fortune, 23 July 2022 Another posted four bags of products with items such as an Ostrich Mini Kelly worth roughly 100,000 renminbi, or $14,885. Demetrius Simms, Robb Report, 15 July 2022 The renminbi cannot save Russia’s own currency, the ruble. New York Times, 11 Mar. 2022 That in turn would pressure the yuan, also known as the renminbi. Quentin Webb, WSJ, 22 May 2022 The euro, a frenemy currency, only accounted for around 20 percent of global foreign exchange reserves in early 2020, and the renminbi could only manage 2 percent. Andrew Stuttaford, National Review, 19 Mar. 2022 The offshore Chinese renminbi has fallen as much as 7.3% against the dollar since the start of the year. Julia-ambra Verlaine, WSJ, 24 May 2022 China's renminbi is often mentioned as a possible competitor to the dollar. Zachary B. Wolf, CNN, 12 Mar. 2022 Directly exchanging Russian rubles, Indian rupees or Chinese renminbi for one another without the intermediate step of exchanging those currencies into or out of dollars will become easier. Zachary B. Wolf, CNN, 12 Mar. 2022 See More

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.

First Known Use of renminbi

1957, in the meaning defined above

History and Etymology for renminbi

Chinese (Beijing) rénmínbì, from rénmín people + currency

Learn More About renminbi

Time Traveler for renminbi

Time Traveler

The first known use of renminbi was in 1957

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Dictionary Entries Near renminbi

renitent

renminbi

Renner

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Statistics for renminbi

Last Updated

30 Jul 2022

Cite this Entry

“Renminbi.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/renminbi. Accessed 15 Aug. 2022.

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More from Merriam-Webster on renminbi

Nglish: Translation of renminbi for Spanish Speakers

Britannica.com: Encyclopedia article about renminbi

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