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renminbi
[ ren-min-bee ]
noun
, plural ren·min·bi.
- the currency of the People's Republic of China, the basic unit of which is the yuan.
renminbi
/ ˌrɛnˌmɪnˈbiː /
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Word History and Origins
Origin of renminbi1
1955–60; < Chinese rénmínbi, equivalent to rénmín people + bì currency
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Word History and Origins
Origin of renminbi1
Chinese renmin people + bi currency
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Example Sentences
The lower the value of the renminbi, the cheaper Chinese exports and the more expensive the American exports.
From The Daily Beast
When Beijing pays for those dollars with renminbi, it inflates its own money supply.
From The Daily Beast
Beijing needs to be concerned that a weakened Obama will be in no position to veto legislation targeting the renminbi.
From The Daily Beast
Up until then, the Chinese central bank had pegged the value of the renminbi to the dollar.
From The Daily Beast
By keeping the renminbi artificially low, the central government makes Chinese exports cheap in foreign countries.
From The Daily Beast
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