renminbi

noun

SayREN-min-bee/ˈɹɛn.mɪn.bi/

1 meaning of renminbi

1
noununcountable
The national currency of the People's Republic of China, whose basic unit is the yuan.
The central bank intervened to keep the renminbi stable against the dollar.
More Chinese exporters are pricing their contracts in renminbi instead of dollars.
Similaryuan, RMB, CNY

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Origin

From the Hanyu Pinyin romanization of Mandarin 人民幣／人民币 (rénmínbì), meaning "people's currency."