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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The Chinese renminbi has followed a similar trajectory. Eswar Prasad, Foreign Affairs, 18 June 2024 For the six months ended June 30, LNC posted profit of 1.95 billion renminbi ($273.7 million) versus profit of 2.12 billion renminbi ($297.4 million) in the same year-ago period. Vicki M. Young, Sourcing Journal, 3 Sep. 2019 Revenue surged 38 percent to 23.2 billion renminbi, or $3.3 billion in the same period. Denni Hu, WWD, 15 Oct. 2024 The city is the world’s largest offshore renminbi (RMB) hub, with the biggest offshore RMB liquidity pool, handling three-quarters of global offshore RMB payments. Familyofficehk Contributor, Forbes, 15 Oct. 2024 See all Example Sentences for renminbi 

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 3 Dec. 2024.

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