renminbi
ರೆನ್ಮಿಂಬಿ
definition
noun
the system of currency of the People's Republic of China, introduced in 1948.
example
We are very positive because now the Asian currencies will be cheaper in value to 'renminbi' .
And we certainly wouldn't have the exchange rate distortions between the 'renminbi' and the dollar.
What is your comment on a proposal to have Hong Kong adopt the Chinese 'renminbi' as its official currency?
Widespread is understanding that the Chinese 'renminbi' might be a better money choice than the dollar.
This is the first change in the value of the 'renminbi' , or yuan, since 1995, when its rate was set at 8.28 to the dollar.
The coexistence of two currencies, that is, the Hong Kong dollar and the 'renminbi' , is a clear demonstration of the differences between the economies of Hong Kong and the mainland.
This is largely due to nonsterilized foreign exchange market interventions aimed at keeping the exchange rate between the 'renminbi' and the dollar stable.
Meanwhile, Yam said Hong Kong's exchange rate system is unlikely to be affected by the situation of the Chinese yuan, also known as the 'renminbi' .
Another self-contradictory part of the paper is its explanation for China's increase of defense spending from 93.4 billion renminbi in 1998 to 121.2 billion 'renminbi' in 2000, the ministry said.
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' .
During that period of yen weakness, according to Roach, China let it be known that a 135 yen/dollar rate was unacceptable and threatened to devalue the 'renminbi' should the yen weakness continue.
On the campaign trail in America the resounding indictment of China - besides its low labor costs - is its currency, the 'renminbi' , and its peg to the dollar.
A very small revaluation of the 'renminbi' will not correct China's large balance-of-payments surplus.
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.
Speculation about an imminent revaluation of China's 'renminbi' against the dollar reached a fever pitch last week in the markets.
This reinforcement of capital controls probably played a key role in averting a run on China's domestic currency, the 'renminbi' .
Currently the exchange rate policy of China's currency, the 'renminbi' , fluctuates only slightly.
What contingency plans to do you have if China does revalue the 'renminbi' ?
The currency, the 'renminbi' , fixed about 8,26 to the dollar, is significantly undervalued, making China's goods cheapest and drawing the world's manufacturing into its factories.
Credits: Google Translate
