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Definition of “renminbi” - English Dictionary

(Definition of renminbi from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)

"renminbi" in Business English

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renminbinoun [S or U]

uk   us   /renˈmɪnbi/
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. Yuan is the ​name of the ​mainunit of the renminbi ​currency. You will ​find that "renminbi" is sometimes used when ​quotingprices, as in " two thousand renminbi", but this is not strictly ​correct, and you should say "two thousand ​yuan" or "two thousand renminbi ​yuan". The renminbi is ​fixed against the ​dollar.
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(Definition of renminbi from the Cambridge Business English Dictionary © Cambridge University Press)
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