renminbi

plural noun ren·min·bi \ ˈren-ˈmin-ˈbē \

variants: or Renminbi

Updated on: 5 May 2018

Definition of renminbi

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

Recent Examples of renminbi from the Web

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
The price of rice and the exchange rate with the Chinese renminbi, both bellwethers of economic stress, have remained relatively stable over the past few months.

— anna fifield, Washington Post, "North Koreans have tasted freedom through the markets. Sanctions could put that at risk.," 4 Feb. 2018
Almost 720,000 players, or 84 percent, chose the yen, rather than the correct answer: renminbi.

— katherine greifeld, The Seattle Times, "HQ Trivia contestants are puzzled by query on official Chinese currency," 17 Feb. 2018
Before that, the renminbi had been rising steadily against the American dollar, leading to worries that Beijing might step in further to contain it.

— emily flitter and alexandra stevenson, New York Times, "Tumultuous Week on Wall Street Ends With a Small Rally," 8 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.