Could China's Currency Be The New World Reserve? part 3: War in Ukraine & Yuan Problems

The video discusses the BRICS economies and their trade relationships, particularly in light of Western sanctions on Russia. It explores the potential of the Chinese Yuan (RMB) as a global reserve currency, highlighting its increasing use but also its limitations, such as restrictions on currency transfer and foreign exchange manipulations. The video also examines the implications of US sanctions and the need for countries to diversify their currency reserves to mitigate risks. Despite the RMB's growth, concerns over China's economic policies and stability hinder its acceptance as a global reserve currency.

Discuss the implications of China's currency manipulation on its global economic standing.

What factors contribute to the RMB's challenges in becoming a global reserve currency?