NEWS
- 10 March | ForumIAS Residential Coaching (FRC) Student secures Rank 6 in CSE 2025! →
- 10 March | SFG Folks! This dude got Rank 7 in CSE 2025 with SFG! →
- 10 March | SFG Folks! She failed prelims 3 times. Then cleared the exam in one go! Watch Now! →
Source: Click here
News: The United States has added India along with Taiwan and Thailand to the ‘monitoring list’ of currency manipulating countries that includes major trading partners like China and six others.
Facts:
- Currency Manipulator: The US Treasury department defines currency manipulation as when countries deliberately influence the exchange rate between their currency and the US dollar to gain unfair competitive advantage in international trade.
- Criteria: To be labeled a manipulator by the U.S. Treasury, countries must fall under below mentioned criteria.
- Country should atleast have a $20 billion-plus bilateral trade surplus with the U.S.
- Foreign currency intervention exceeding 2% of gross domestic product and
- Global current account surplus exceeding 2% of GDP.
- Implications: Once a country is designated as a currency manipulator by the U.S., the next step taken by the US government is to seek negotiations with the government accused of manipulation
