US Treasury Removes India: India is among the few countries the US Department of Treasury removed from its Currency Monitoring List. It is noted that the department announced the move in its biannual report to the US Congress.
US Treasury Removes India
The US Treasury Department has established the Currency Monitoring list to pay close attention to the major US trading partners’ currency practices and microeconomic policies.
It is mentioned that economies that meet two of the three criteria in the Trade Facilitation and Trade Enforcement Act of 2015 Act are added to the Monitoring List.
“Italy, India, Mexico, Thailand, and Vietnam have been removed from the Monitoring List in this Report, having met only one out of three criteria for two consecutive Reports,” the report stated.