renminbi

renminbi
renminbi UK US /renˈmɪnbi/ noun [S or U]
MONEY the currency used in China: »

The word ""renminbi"" means ""the people's currency"". Its use is similar to that of ""sterling"" when referring to the UK currency.

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Yuan is the name of the main unit of the renminbi currency.

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You will find that ""renminbi"" is sometimes used when quoting prices, as in "" two thousand renminbi"", but this is not strictly correct, and you should say ""two thousand yuan"" or ""two thousand renminbi yuan"".

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The renminbi is fixed against the dollar.

See also YUAN(Cf. ↑yuan)

Financial and business terms. 2012.

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Look at other dictionaries:

  • Renminbi — Rénmínbì Staat: Volksrepublik China Unterteilung: 1 Yuán = 10 Jiǎo = 100 Fēn ISO 4217 Code: CNY Abkürzung: RMB, ¥ Wechselkurs: (7. November 2011) 1 EUR = 8,728 CNY 100&# …   Deutsch Wikipedia

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