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 The renminbi is near its strongest point against the U.S. dollar since mid-2018. New York Times, 8 June 2021 Policymakers are talking down commodity prices and the renminbi. Brendan Ahern, Forbes, 4 June 2021 In the last twelve months, the renminbi, also known as the yuan, has gained 12% versus the dollar. Nicholas Gordon, Fortune, 1 June 2021 The renminbi’s appreciation makes commodity prices cheaper to buy. Brendan Ahern, Forbes, 26 May 2021 Whereas the former is largely in line with the idea of a private currency that circumvents the exclusive right of the state to issue money, China’s digital renminbi (RMB) is trying to do the exact opposite. Isabella Weber, Fortune, 21 May 2021 Foreigners have bought up debt renminbi-denominated at a record pace this year, despite perennial concerns about debt buildup in the Chinese economy. Andrew Stuttaford, National Review, 12 Oct. 2020 The Wall Street Journal did a piece on the digital renminbi. Brendan Ahern, Forbes, 6 Apr. 2021 Wanbing Huang won the Yu Prize Infinite Beauty award in partnership with Yumee for a project inspired by the makeup brand’s signature lipstick, with a prize of 10,000 renminbi, or $1,500. Emily Farra, Vogue, 6 Apr. 2021

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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Time Traveler for renminbi

Time Traveler

The first known use of renminbi was in 1957

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Statistics for renminbi

Last Updated

12 Jun 2021

Cite this Entry

“Renminbi.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/renminbi. Accessed 15 Jun. 2021.

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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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