Why Has The US Removed India From Its Currency Monitoring List?
What is the US Currency Monitoring List and its criteria? The department announced the move in its biannual report to the US Congress. Significant bilateral trade surplus with the United States: A significant bilateral trade surplus with the US means a trade surplus of at least $15 billion in goods and services. The Treasury department, in its report, has also assessed if the trading partners have manipulated the exchange rate between the US dollar and their currency to gain an unfair competitive advantage in international trade and prevent effective balance of payment adjustments. The countries featured in the latest Monitoring report are Japan, China, Korea, Germany, Singapore, Taiwan, and Malaysia. Source - NDTV #us#india#currency