10/05/2019 09:41:00 AM | Number of readings: 1
The US Treasury Department is considering listing Russia on the list of countries manipulating its currency rates for commercial benefits, the Bloomberg news agency reported Friday.
The list, which will be published in May, is expected to be expanded from 12 to 20 countries. The United States also does not exclude Thailand, Indonesia, Vietnam, Ireland and Malaysia (the countries with a positive trade balance with the United States) on its list.
India and South Korea are also expected to be removed from the list.
The agency said that this list has a symbolic character in the original, but listing may lead to the emergence of negative market repercussions for countries that Washington considers manipulative currency prices.
The United States has earlier set a new set of standards to describe countries as manipulating currency prices.
Under this system, the country suspected of manipulating currency rates is characterized by its large trade surplus with the United States (more than $ 20 billion annually), maintaining a balance of payments surplus of more than 3 percent of its gross domestic product and its continued intervention in the foreign exchange market .