Meaning of jenminpi | Babel Free

Definitions

Noun. [B2]

Examples

“The Bank of China, which handles Peking's foreign currency transactions and recently established a correspondent relationship with the Chase⟳ Manhattan Bank, acted with uncharacteristic imprecision during the dollar crisis last⟳ month. On one day it revalued China's currency, the jenminpi (or renminbi depending on which transliteration system you use⟳) by 4.9 per cent against the Hong Kong dollar and the following day it devalued it by almost the same percentage.[…] But while the flip‐flop caused Chinese banking officials some embarrassment it did not affect⟳ local confidence in the jenminpi or the bank itself.”

“China’s currency, the jenminpi, has remained stable; the Chinese assert that it is the "world’s most stable currency." This is generally conceded to be the result⟳ of the care with which the Chinese economy and its tight budget are managed.”

“The banks would be permitted to handle⟳ financial remittances, letters of Credit, and deposits in all currencies other than the New Taiwan dollar and mainland China's jenminpi [renminbi].”

CEFR level