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
      • ‘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.’
      • ‘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.’
      • ‘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.’
      • ‘What is your comment on a proposal to have Hong Kong adopt the Chinese renminbi as its official currency?’
      • ‘We are very positive because now the Asian currencies will be cheaper in value to renminbi.’
      • ‘This is largely due to nonsterilized foreign exchange market interventions aimed at keeping the exchange rate between the renminbi and the dollar stable.’
      • ‘Speculation about an imminent revaluation of China's renminbi against the dollar reached a fever pitch last week in the markets.’
      • ‘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.’
      • ‘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.’
      • ‘A very small revaluation of the renminbi will not correct China's large balance-of-payments surplus.’
      • ‘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.’
      • ‘As a result, when you cash out, you'll receive dollars - not renminbi.’
      • ‘What contingency plans to do you have if China does revalue the renminbi?’
      • ‘And we certainly wouldn't have the exchange rate distortions between the renminbi and the dollar.’
      • ‘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.’
      • ‘This reinforcement of capital controls probably played a key role in averting a run on China's domestic currency, the renminbi.’
      • ‘Widespread is understanding that the Chinese renminbi might be a better money choice than the dollar.’
      • ‘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.’
      • ‘Currently the exchange rate policy of China's currency, the renminbi, fluctuates only slightly.’

Origin

From Chinese rénmínbì, from rénmín people + bì currency.

Pronunciation:

renminbi

/ˈrɛnmɪnbi/