Definition

The official currency of the People's Republic of China, often abbreviated as RMB.

Example

When traveling to China, it's important to exchange your money for renminbi.

Conversation

Have you heard about the new exchange rate for the renminbi?

Yeah, it seems to be fluctuating a lot lately.

I wonder how that will affect travel costs to China.

Good question! It could make things more expensive or cheaper.

Synonyms & Antonyms

Root Explanation

Renminbi is derived from Mandarin Chinese "人民币" (rénmínbì), where "人" (rén) means "people" and "民" (mín) means "citizen" or "folk", and "币" (bì) means "currency" or "money". Therefore, renminbi translates to "people's currency".

Memory Tip

Think of 'people' ('人' and '民') and 'currency' ('币') to remember that renminbi means the currency of the people.

Visually Confused Words