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US removes India from Currency Monitoring List, know reason HERE
India, along with four other countries has been removed from the Currency Monitoring List by the US Department of Treasury on Friday, November 11, 2022. Apart from India, Italy, Mexico, Thailand and Vietnam were the other countries that have been removed from the list. The US Department of Treasury took this step on the day when the Secretary of the Treasury Janet Yellen visited New Delhi and met India’s Finance Minister Nirmala Sitharaman. Notably, India had been on the list for about two years. Also Read: PM Modi to visit Indonesia on Nov 14 to attend G20 Summit; Biden, Sunak also likely to be present Upon the reason for removal, the report given by the official department suggests that the countries that have been removed from the list have met only one out of the three criteria for two consecutive reports. According to a media report, the Treasury will keep up its improved bilateral interaction with Switzerland, which began in early 2021, to talk about the country's policy choices for addressing the root causes of its external imbalances. Source - ZEE News
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