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renminbi

[ren-min-bee] /ˈrɛnˈmɪnˈbi/
noun
1.
the currency of the People's Republic of China, the basic unit of which is the yuan.
Origin
1955-1960
1955-60; < Chinese rénmínbi, equivalent to rénmín people + currency
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for renminbi
  • Some revaluation of the renminbi remains both desirable and inevitable.
  • What the word needs is the renminbi to become a free floating currency, whose value is decided by markets.
  • But that doesn't really have much to do with the relationship between the dollar and the renminbi.
  • So the tussle between the two would set the pace of renminbi internationalization in the near term.
  • Also, on the fear of possible devaluation of the renminbi, enterprises held onto their foreign currency.
British Dictionary definitions for renminbi

renminbi

/ˌrɛnˌmɪnˈbiː/
noun (pl) renminbi
1.
another name for the Chinese yuan
Word Origin
Chinese renmin people + bi currency
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for renminbi
n.

currency introduced 1948 in China, from Chinese renminbi, from renmin "people" + bi "currency."

Online Etymology Dictionary, © 2010 Douglas Harper
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Encyclopedia Article for renminbi

people's money

monetary unit of China. The yuan is divided into 100 fen and 10 jiao. The People's Bank of China has exclusive authority to issue currency. Banknotes are issued in denominations from 1 fen to 100 yuan. The obverse of some banknotes contains images of communist leaders, such as Mao Zedong, leader of China's communist revolution, whose likeness is pictured on several notes; lower denominations often contain images of people dressed in traditional attire. The reverse side of most coins, which range in denominations from 1 fen to 1 yuan, contains images of historic buildings and the country's diverse landscape. Renminbi, or people's money, became the official name of the currency in 1969.

Learn more about people's money with a free trial on Britannica.com
Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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