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Currency Monitoring List
April 21 , 2021
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- The U.S. Treasury has released this report.
- The April 2021 edition of the semi-annual report is the first from the Biden administration.
- It reviews currency practices of the U.S.’s 20 biggest trading partners.
- According to the US, currency manipulation is deliberately influencing the exchange rate between one’s currency and US dollar.
- This is being done to gain unfair competitive advantage in international trade.
- India is one of the 11 countries on the ‘Monitoring List’ with regard to their currency practices.
- India’s trade surplus with the US was 24 billion USD in 2020.
- The other 10 countries on the list with India are China, Japan, Korea, Germany, Ireland, Italy, Malaysia, Singapore, Thailand, and Mexico.
- This time, the US has removed China from its list of manipulators.
- However, Taiwan has been placed in the watch list.
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