US Treasury Removes India, Italy, Mexico, Thailand and Vietnam From Its Currency Monitoring List
China, Japan, Korea, Germany, Malaysia, Singapore, and Taiwan are the seven economies that are a part of the current monitoring list, the Department of Treasury said in its biannual report to the Congress.
Washington, November 11: The US Department of Treasury on Friday removed India along with Italy, Mexico, Thailand and Vietnam from its Currency Monitoring List.
China, Japan, Korea, Germany, Malaysia, Singapore, and Taiwan are the seven economies that are a part of the current monitoring list, the Department of Treasury said in its biannual report to the Congress. Pakistan: Security Beefed Up at Former PM Imran Khan’s Lahore Residence Amid Threats.
The countries that have been removed from the list have met only one out of three criteria for two consecutive reports, it said. Chinese President Xi Jinping to Attend G20 Summit in Indonesia, APEC Economic Leaders' Meeting in Bangkok.
“China's failure to publish foreign exchange intervention and broader lack of transparency around key features of its exchange rate mechanism makes it an outlier among major economies and warrants Treasury's close monitoring,” said the report.
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