Definition of renminbi in English:

renminbi

noun

  • 1[mass noun] The system of currency of the People's Republic of China, introduced in 1948.

    1. 1.1
      another term for yuan
      • ‘This is largely due to nonsterilized foreign exchange market interventions aimed at keeping the exchange rate between the renminbi and the dollar stable.’
      • ‘What contingency plans to do you have if China does revalue the renminbi?’
      • ‘It has also gained just 6.7 per cent relative to the pegged currencies of our trading partners: the Malaysian ringgit, the Hong Kong dollar and the Chinese renminbi.’
      • ‘We are very positive because now the Asian currencies will be cheaper in value to renminbi.’
      • ‘The currency, the renminbi, fixed about 8,26 to the dollar, is significantly undervalued, making China's goods cheapest and drawing the world's manufacturing into its factories.’
      • ‘This reinforcement of capital controls probably played a key role in averting a run on China's domestic currency, the renminbi.’
      • ‘Greater productivity would put pressure on the yuan, or renminbi to rise, but more trade liberalization and capital liberalization could put pressure on the currency.’
      • ‘As a result, when you cash out, you'll receive dollars - not renminbi.’
      • ‘And we certainly wouldn't have the exchange rate distortions between the renminbi and the dollar.’
      • ‘On the campaign trail in America the resounding indictment of China - besides its low labor costs - is its currency, the renminbi, and its peg to the dollar.’
      • ‘The coexistence of two currencies, that is, the Hong Kong dollar and the renminbi, is a clear demonstration of the differences between the economies of Hong Kong and the mainland.’
      • ‘This is the first change in the value of the renminbi, or yuan, since 1995, when its rate was set at 8.28 to the dollar.’
      • ‘During that period of yen weakness, according to Roach, China let it be known that a 135 yen/dollar rate was unacceptable and threatened to devalue the renminbi should the yen weakness continue.’
      • ‘What is your comment on a proposal to have Hong Kong adopt the Chinese renminbi as its official currency?’
      • ‘Currently the exchange rate policy of China's currency, the renminbi, fluctuates only slightly.’
      • ‘Speculation about an imminent revaluation of China's renminbi against the dollar reached a fever pitch last week in the markets.’
      • ‘Widespread is understanding that the Chinese renminbi might be a better money choice than the dollar.’
      • ‘A very small revaluation of the renminbi will not correct China's large balance-of-payments surplus.’
      • ‘Another self-contradictory part of the paper is its explanation for China's increase of defense spending from 93.4 billion renminbi in 1998 to 121.2 billion renminbi in 2000, the ministry said.’
      • ‘Meanwhile, Yam said Hong Kong's exchange rate system is unlikely to be affected by the situation of the Chinese yuan, also known as the renminbi.’

Origin

From Chinese rénmínbì, from rénmín people + bì currency.

Pronunciation:

renminbi

/ˈrɛnmɪnbi/