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In everyday conversation, 人民币 (rénmínbì) is used to refer to the Chinese monetary unit, the Renminbi (RMB). It is often used in the context of discussing prices, wages, and other financial matters. For example, someone might say "这个衣服多少钱？ (zhège yīfu duōshǎo qián?) How much is this shirt?" and the response might be "五百元人民币 (wǔbǎi yuán rénmínbì) 500 RMB".
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