renminbi
plural noun
ren·min·bi
| \ ˈren-ˈmin-ˈbē
\
\
variants:
or Renminbi
Definition of 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
As Europe’s economies became more integrated and China grew, the prospect of a multipolar world, in which the dollar shared reserve-currency duties with the euro and the renminbi, loomed. — The Economist, "What comes after Bretton Woods II?," 15 Aug. 2019 By his account, Mr. Kebayir was now earning a decent wage — 2,100 renminbi last month, about $300 — stitching soles onto leather shoes at one of the new factories. — Chris Buckley, New York Times, "China Said It Closed Muslim Detention Camps. There’s Reason to Doubt That.," 9 Aug. 2019 China retaliated by having its central bank — the People’s Bank of China (PBOC) — devalue the country’s currency, the renminbi (RMB). — Robert Samuelson, Twin Cities, "Robert Samuelson: The China-America trade crackup," 9 Aug. 2019 The Chinese currency on Monday punctured the 7 renminbi-per-dollar floor that had not been broken since 2008. — Washington Post, "China lets currency plunge below 7, a decade low, after Trump adds new tariffs," 5 Aug. 2019 China allowed its tightly managed currency to fall below 7 renminbi to the dollar, a symbolically important move that could make US products even less competitive against Chinese rivals. — Larry Edelman, BostonGlobe.com, "Trade war prompts huge drop in markets," 5 Aug. 2019 The exchange rate between the Chinese yuan or renminbi and the dollar breached a symbolically important marker on Monday, when the number of yuan a dollar would buy rose above seven for the first time in years. — NBC News, "China's currency 'weaponization' could hurt American families and companies," 9 Aug. 2019 Exchange rates, though, do matter, and in the context of the escalating tariff war, the recent moves between the dollar and the Chinese yuan (also called the renminbi) matter greatly. — Wired, "Listen, Here’s Why the Value of China’s Yuan Really Matters," 7 Aug. 2019 Hong Kong also acts as a hub for internationalization of China’s currency, the renminbi. — Time, "Why Business Has a Stake in Hong Kong's Protests," 11 July 2019These 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.
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