Bank of Thailand Governor Veerathai Santiprabhob (pic) said on July 14 that he is not concerned about the upcoming report as the nation has explained its foreign exchange policy to the US Treasury.
BANGKOK: Thailand and Taiwan may be added to the US watchlist for currency manipulation after meeting all of the criteria set out by the Treasury Department, according to UBS Group AG.
A country is included in the monitoring list if it fulfills two of three benchmarks: a trade surplus with the US of at least US$20bil; a current-account surplus of at least 2% of gross domestic product; and persistent, one-sided intervention in the currency equivalent to 2% of GDP in six months of a year.
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