renminbi

plural noun

ren·​min·​bi ˈren-ˈmin-ˈbē 

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

Much of China’s growing rescue lending is denominated in renminbi, the report found, with loans in the Chinese currency overtaking U.S. dollars in 2020. —Reuters, NBC News, 7 Nov. 2023

Against the Japanese yen and the Chinese renminbi, the dollar has been strong enough to warrant discussion of government currency intervention in Asia to reduce the foreign exchange disparities. —Jeff Sommer, New York Times, 22 Sep. 2023

Similarly, the renminbi may one day come to rival the dollar as a vehicle for cross-border payments, although that may take decades. —Barry Eichengreen, Foreign Affairs, 21 June 2022

That’s down from over 70% in 2000, but well above the figures for the Chinese renminbi, which represented just 2.5% of foreign exchange reserves. —Bywill Daniel, Fortune, 24 Aug. 2023

Part of the American conditions would be that Saudi Arabia would curtail its growing ties with China, including the prospect of Saudi Arabia buying Chinese oil in renminbi, which is a threat to the U.S. dollar as the world’s primary global reserve currency. —Isaac Chotiner, The New Yorker, 1 Aug. 2023

Zhan Yubo, a senior economist at the Shanghai Academy of Social Sciences, said the decline in the renminbi was the direct result of the Fed’s recent increases in interest rates. —Ana Swanson, New York Times, 4 July 2023

Chinese banks extended $47.5 billion of new renminbi loans, tumbling 89 percent from June — and half the amount of a year earlier. —Li Yuan, New York Times, 21 Aug. 2023

The Asia dollar index fell overnight, though China’s renminbi was off more falling to 6.94. —Brendan Ahern, Forbes, 7 Mar. 2023

See More

Word History

Etymology

Chinese (Beijing) rénmínbì, from rénmín people + bì currency

First Known Use

1957, in the meaning defined above