renminbi

Noun

Meaning

renminbi (plural renminbis or renminbi)

The official currency of the People's Republic of China.
Synonyms: yuan, RMB, CNY

Synonyms

Examples

After the renminbi was instituted by the new communist government, hyperinflation ceased with a revaluation of 1:10,000 old Renminbi in 1955. Source: Internet

Held for trading financial liabilities: Mainly due to the increase in gold leasing not comprehensively quoted in Renminbi. Source: Internet

That said, the lesson to learn is this: fiat money—be it US dollar, euro, Chinese renminbi, British pound, Swiss franc, etc.—will most likely continue to lose its purchasing power over time. Source: Internet

Anita Fung, Group General Manager and Head of Global Banking and Markets, Asia-Pacific, HSBC, said, "Hong Kong continues to take decisive steps in its development as an offshore renminbi center. Source: Internet

China’s economy, the third largest world economy, is also slowing down fast, with excess manufacturing capacity while its exports are suffering from a 25 percent appreciation of the Chinese renminbi since 2004 and from weak world demand. Source: Internet

Arab Petroleum Investments Corporation (Apicorp) became the second issuer from the Gulf to tap the offshore renminbi market this week, making this year already the biggest on record for Gulf renminbi bonds. Source: Internet

Close letter words and terms