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renminbi

   Also found in: Financial, Wikipedia 0.01 sec.
renminbi, renminbi yuan [ˌrɛnˌmɪnˈbiː]
n pl renminbi
(Economics, Accounting & Finance / Currencies) another name for the Chinese yuan
[Chinese renmin people + bi currency]


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Uni-President China said it would increase capital spending in China to one billion renminbi this year from last year's 600 million renminbi, as well as introduce eight new products in China by the end of this year.
WASHINGTON, Oct 16 (KUNA) -- The US Treasury Department has stressed that the recent lack of flexibility of the Renminbi exchange rate and Chinas renewed accumulation of foreign exchange reserves "risk unwinding some of the progress made in reducing imbalances as stimulus policies are eventually withdrawn and demand by Chinas trading partners recovers.
Both the rigidity of the renminbi and the reacceleration of reserve accumulation are serious concerns which should be corrected to help ensure a stronger, more balanced global economy," the US Treasury said.
 
 
 
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