Definitions for "Renminbi"
monetary unit in China
("people's currency"): Official unit of exchange in China. Informally known as yuan.
The renminbi or ren min bi is the official currency in the mainland of the People's Republic of China (PRC), whose principal unit is the yuan . It is issued by the People's Bank of China, the monetary authority of the PRC. The official ISO 4217 abbreviation is CNY, although also commonly abbreviated as "RMB".