US Removes five Currency Monitoring List; What Does It Mean, Criteria?

The US Department of Treasury releases a semi-annual report in which it tracks global economic developments and reviews foreign exchange rates.
The US Department of Treasury releases a semi-annual report in which it tracks global economic developments and reviews foreign exchange rates.
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US Removes India From Currency Watch List: The US Department of Treasury has removed India from its Currency Monitoring List of major trading partners after the past two years. The list merits close attention to the countries’ currency practices and macroeconomic policies. Along with India, Italy, Mexico, Thailand and Vietnam have also been removed from the list.

In its biannual report to the US Congress, the country’s Department of Treasury said China, Japan, Korea, Germany, Malaysia, Singapore and Taiwan are the seven economies that are part of the current monitoring list.
The countries that have been removed from the list have met only one out of three criteria for two consecutive reports, it said. Once on the Currency Monitoring List, an economy remains there for at least two consecutive reports.

In this report, the US treasury department reviewed and assessed the policies of major US trading partners, comprising roughly 80 per cent of US foreign trade in goods and services, during the four quarters through June 2022.