renminbi

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

variants: or Renminbi

|Updated on: 3 Jun 2018

Definition of renminbi

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

Recent Examples of renminbi from the Web

Born in the province of Inner Mongolia, he was sold as an infant by his impoverished parents to a more prosperous family in a neighboring village for 50 renminbi—the equivalent of $7.

— klara glowczewska, Town & Country, "Meet the Chinese Philanthropists Who Are Pledging Big Money to End Climate Change," 25 May 2018
How much has the Trump family made, and where, and who has paid them, right down to the last ruble, renminbi, manat, shekel, peso, and loonie?

— kevin baker, The New Republic, "Why America needs truth and reconciliation after Trump," 17 May 2018
Klaus Baader, Chief Economist:Asia Pacific, Societe Generale HK Branch discussed Macron’s win in the French legislative election, stability in the renminbi and China’s possible MSCI inclusion with Angie Lau and Bryan Curtis.

— Bloomberg.com, "Generational Change Being Seen in France," 19 June 2017
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

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.