renminbi
/ˈrɛnmɪnbi
/noun [mass noun]
1The system of currency of the People’s Republic of China, introduced in 1948.
1.1 another term for yuan.It has also gained just 6.7 per cent relative to the pegged currencies of our trading partners: the Malaysian ringgit, the Hong Kong dollar and the Chinese renminbi....
- As a result, when you cash out, you'll receive dollars - not renminbi.
- Greater productivity would put pressure on the yuan, or renminbi to rise, but more trade liberalization and capital liberalization could put pressure on the currency.
Origin
From Chinese rénmínbì, from rénmín 'people' + bì 'currency'.