The U.S. Department of the Treasury on Friday imposed sanctions on Cuba's Interior Ministry and its leader, accusing them of serious human rights violations.
Source: Xinhua|
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GENEVE, Dec. 20 (Xinhua) Three economists told Xinhua that they strongly disagree with the methodology used by the U.S. Treasury to label Switzerland as a currency manipulator.
The U.S. Department of the Treasury on Wednesday said that Switzerland met all three criteria for currency manipulation during the four quarters ending June 2020.
In its Semiannual Report on International Economic and Exchange Rate Policies to the U.S. Congress, the Treasury laid out these criteria for potentially unfair currency practices, including a significant bilateral trade surplus with the United States, a material current account surplus, and a persistent one-sided intervention in the foreign exchange market.
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GENEVE, Dec. 20 (Xinhua) Three economists told Xinhua that they strongly disagree with the methodology used by the U.S. Treasury to label Switzerland as a currency manipulator.
The U.S. Department of the Treasury on Wednesday said that Switzerland met all three criteria for currency manipulation during the four quarters ending June 2020.
In its Semiannual Report on International Economic and Exchange Rate Policies to the U.S. Congress, the Treasury laid out these criteria for potentially unfair currency practices, including a significant bilateral trade surplus with the United States, a material current account surplus, and a persistent one-sided intervention in the foreign exchange market.
Taiwan put on US’ currency watchlist
WARNING NOTICE: A US Treasury report cited the nation’s ‘persistently’ large current account surplus and its foreign-exchange intervention in March as reasons for the move
Staff writer, with CNA, WASHINGTON
The US Department of the Treasury on Wednesday added Taiwan to a list of countries being monitored for currency manipulation, the first time the nation has made the list since 2017.
The department issued its semiannual report to the US Congress on the policies of the US’ top 20 trading partners, which said that Vietnam and Switzerland had met the criteria for being labeled currency manipulators.