renminbi

plural noun

ren·​min·​bi ˈren-ˈmin-ˈbē How to pronounce renminbi (audio)
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 The Chinese renminbi carries risks of its own, including China’s opaque and unpredictable governance and lack of independent rule of law. Lawrence H. Summers, Foreign Affairs, 15 June 2023 Tourists can also pay in Hong Kong dollars and not convert their money to Chinese renminbi. Olivia Wang, New York Times, 20 Feb. 2024 In December, Lei told state broadcaster CCTV that Xiaomi devoted 3,400 engineers and 10 billion Chinese renminbi ($1.4 billion) towards the company’s first prototype vehicle. Lionel Lim, Fortune Asia, 29 Feb. 2024 This is even more noticeable for Hongkongers because the Hong Kong dollar, which is pegged to the US currency, has been rising in value compared to the renminbi, making prices in Shenzhen more affordable. Chris Lau, CNN, 24 Feb. 2024 The renminbi, meanwhile, has weakened on the country’s sluggish economic recovery from the pandemic. Kristin Broughton, WSJ, 30 Nov. 2023 The renminbi fell in value earlier this year to its lowest level in 16 years. Joy Dong, New York Times, 28 Nov. 2023 The edge that America has over China is shrinking and its debt to China is huge and growing at a fast clip, especially since the renminbi has been devalued by 20%. Ram Charan, Fortune, 12 Dec. 2023 The company modified its guidance primarily due to the strength of the dollar against the Japanese yen and the Chinese yuan, also called the renminbi. Kristin Broughton, WSJ, 30 Nov. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'renminbi.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

Etymology

Chinese (Beijing) rénmínbì, from rénmín people + currency

First Known Use

1957, in the meaning defined above

Time Traveler
The first known use of renminbi was in 1957

Dictionary Entries Near renminbi

Cite this Entry

“Renminbi.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/renminbi. Accessed 26 Apr. 2024.

More from Merriam-Webster on renminbi

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!