Definitions for renminbi
ˈrɛnˈmɪnˈbiren·min·bi

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1. renminbinoun

   The official currency of the People's Republic of China

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1. Renminbi

   The renminbi is the official currency of China. Renminbi is legal tender in mainland China, but not in Hong Kong, Taiwan, or Macau. Renminbi is sometimes accepted in Hong Kong and Macau, and are easily exchanged in the two territories. Banks in Hong Kong allow people to maintain accounts in RMB. It is issued by the People's Bank of China, the monetary authority of China. Its name literally means "people's currency". The primary unit of renminbi is the yuán. One yuan is subdivided into 10 jiǎo, which in turn is subdivided into 10 fēn. Renminbi banknotes are available in denominations from 1 jiao to 100 yuan and coins have denominations from 1 fen to 1 yuan. Thus, some denominations exist in coins and banknotes. Coins under ¥0.1 are used infrequently. Until 2005, the value of the renminbi was pegged to the U.S. dollar. As China pursued its historical transition from central planning to a market economy, and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It had previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity.

How to pronounce renminbi?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say renminbi in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of renminbi in Chaldean Numerology is: 7

2. Pythagorean Numerology

   The numerical value of renminbi in Pythagorean Numerology is: 3

Examples of renminbi in a Sentence

1. Martin Arnold:

   The China-bashing just doesn't seem to stop, we saw a kneejerk reaction after the renminbi reforms - the industrial metals declined sharply.

2. Vishnu Varathan:

   What is really important is for markets to observe where the renminbi really goes over the next few days to see whether this is indeed a one-off adjustment or a sustained trend.

3. Pierre Gramegna:

   It is a fact that the renminbi has become a reserve currency in many ways ... so it is in the interest of the SDR, and the IMF, and the world, that this important currency finds its way into the SDR.

4. Cao Yuanzheng:

   The renminbi is becoming an 'anchor' currency now. It's stability will have a big impact on other currencies.

5. President Xi Jinping:

   With improvement to the renminbi exchange rate regime and progress in RMB internationalisation, it is quite normal that China's foreign reserves may increase or decrease, and there is no need to overreact to it.

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References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Renminbi
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=renminbi