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
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The deal is expected to generate a loss of around 9.3 billion renminbi, or $1.3 billion, on Alibaba’s books. Denni Hu, WWD, 17 Dec. 2024 In 2015, Beijing launched the Cross-border Interbank Payment System (CIPS) to allow clearing of renminbi transactions onshore in Shanghai. Chan Ka Sing, Reuters, 26 Sep. 2024 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 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 21 Dec. 2024.

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