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 Chinese migrants interviewed by the Monitor routinely cited costs of about $15,000 (or 100,000 renminbi, the official currency of the People’s Republic of China). Melanie Stetson Freeman, The Christian Science Monitor, 21 May 2024 Foreign investors have few viable reserve currencies to turn to outside of the U.S. dollar and euro, with even the Chinese renminbi still subject to strict capital controls, meaning the seizure of Russian assets will hardly have any impact on Europe’s ability to attract and retain capital flows. Jeffrey Sonnenfeld, TIME, 21 May 2024 China has also pushed the renminbi for international payments and as a reserve currency, while others have proposed digital currencies (including China, which started piloting a digital version of its currency, the e-CNY, back in 2017) as legit alternatives to central banks’ dollar holdings. Dylan Sloan, Fortune, 20 May 2024 The Russian leader lauded the two countries’ use of rubles and renminbi to settle trade to circumvent U.S. restrictions on using dollars. Paul Sonne, New York Times, 16 May 2024 See all Example Sentences for renminbi 

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 6 Jun. 2024.

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