Begin typing your search...
US lifts Vietnam, Switzerland from currency manipulator list
The US Treasury has removed Vietnam and Switzerland from the list of nations labeled as currency manipulators, reversing a decision made by the Trump administration in December.
![US lifts Vietnam, Switzerland from currency manipulator list US lifts Vietnam, Switzerland from currency manipulator list](https://dtnext-prod.s3.ap-south-1.amazonaws.com/imported/import/Articles/2021/Apr/202104162310446263_US-lifts-Vietnam-Switzerland-from-currency-manipulator-list_SECVPF.gif)
Washington
In its semi-annual report to Congress on currency manipulation, the first under the Biden administration, the US Treasury Department said Friday that no country currently meets the US criteria as a manipulator. It said, however, that Vietnam, Switzerland, as well as Taiwan, will be under enhanced monitoring. The Treasury did not designate China as a currency manipulator, something the Trump administration had done in 2019 during a tense trade stand-off with the world's second largest economy.
The Treasury said Vietnam, Switzerland and Taiwan would be subject to “enhanced engagement'' over currency issues, a lower designation that does not carry immediate risks of US trade sanctions.
Visit news.dtnext.in to explore our interactive epaper!
Download the DT Next app for more exciting features!
Click here for iOS
Click here for Android
Next Story