renminbi

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ren·min·bi

 (rĕn′mĭn-bē)
n. pl. renminbi
1. The currency system of China.
2. The yuan.

[Mandarin rénmíbì : rénmín, the people, general public (Mandarin rén, person from Middle Chinese rin + Mandarin mīn, people, from Middle Chinese mjin) + , currency (from Middle Chinese pɦjiaj`).]
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

renminbi

(ˌrɛnˌmɪnˈbiː) or

renminbi yuan

n, pl renminbi
(Currencies) another name for the Chinese yuan
[Chinese renmin people + bi currency]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

ren•min•bi

(ˈrɛnˈmɪnˈbi)

n.pl.
the currency of the People's Republic of China, the basic unit of which is the yuan.
[1955–60; < Chinese rénmínbi=rénmín people + currency]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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On the same day, the Chinese currency, officially the renminbi yuan, had devalued to a rate of 7.05 per US dollar - meaning that a dollar converts into more renminbi than before, thereby insulating them from the effects of US tariffs.
'The Agreement will serve as the basis for the grant to be provided by China to the Philippines, to implement the grant of RMB 500,000,000 (Five Hundred Million Renminbi Yuan only); to conduct feasibility studies for major projects, construction of the drug abuse treatment and rehabilitation center and bridges crossing the Pasig River; and other projects agreed by both sides,' Malacanang said in a statement.