Skip to main content
Glite Dictionary
💴 China's currency 💴 In Chinese money
renminbi

renminbi

5 5.1
The official money of China, also called the yuan
  • noun
  • /ˌrɛnˈmɪnˌbi/
translation icon : renminbi
  • On the one hand, the renminbi just hit a new all-time high in dollar terms.
  • renminbi (RMB)
  • appreciation of the renminbi
  • renminbi reserves

They are, but it's, it's still, they can't compete, you know, renminbi per dollar against what we're spending.

Examples

  • What use would most Brazilian firms have for renminbi when these cannot be converted into reais?

    Academic text (2009)

  • But meeting that objective will require building broader and more liquid financial markets in renminbi-denominated assets and liberalizing access for foreign investors to those markets.

    Academic text (2009)

  • Even then, in other words, the renminbi will have a smaller platform than the dollar from which to launch its international career.

    Academic text (2009)

  • Can the renminbi serve as a regional reserve currency?

    Academic text (2009)

  • From 2005 to 2008, China let the renminbi's value rise 20 percent.

    Academic text (2010)

  • But for now, the renminbi remains inconvertible.

    Academic text (2009)

  • In the longer run, the renminbi's role will also grow, especially in Asia.

    Academic text (2009)

  • The Chinese currency, the renminbi, was not easily convertible into foreign currencies.

    Academic text (2013)

  • In time, China could strengthen the international role of the renminbi by developing liquid securities markets and liberalizing foreigners' access to them.

    Academic text (2009)

  • The state bank will then issue renminbi to the steel company in exchange for those dollars.

Synonyms

yuan
vsrenminbi
19 4.5

The main money unit used in China worth 100 smaller units

refers to the official currency as a whole, not only the unit
kwai
vsrenminbi
  • Informal
5 9.9

An informal word for Chinese money called yuan

is the formal official name, used in official contexts not slang
Chinese monetary unit
vsrenminbi
3.5

A unit of money that people use in China, like the yuan

is the official national currency name rather than a generic unit

Surface Forms

renminbi singular
renminbis plural

Etymology

Renminbi comes from the Chinese words renmin ('people') and bi ('currency' or 'money'). So renminbi literally means 'people's money' and that is why it is the official currency of China, often called the yuan.