Sentence examples for with renminbi from inspiring English sources

But by midday, financial news agencies were quoting unidentified currency traders as saying that large state-owned banks were buying dollars with renminbi.

The central bank pays for the dollars and euros with renminbi that it raises mainly by requiring Chinese commercial banks to lend it a fifth of their deposits at very low interest rates.

On June 3, it ordered foreign banks with renminbi accounts at Chinese banks to close those accounts by June 10.

He left school at 16 and, with his brother, opened the first Gome store in Beijing in 1987 with 4,000 renminbi they had earned as traveling salesmen in Inner Mongolia and a 30,000-renminbi loan.

"Frittering around with the renminbi is fine," he said.

With the renminbi nonconvertible, we don't have a market for renminbi.

Moreover, with the renminbi losing 1% of its value each month, capital flight would accelerate further.

Realistically, that may be the best we can hope for with the renminbi.

Beyond mere bragging rights, China has economic motives for trying to go global with the renminbi.

Many may be following China's lead — trying to stay competitive with the renminbi.

"The U.S. dollar has been losing value compared with the renminbi," Mr. Batten said.