US reaches deal with Vietnam on currency manipulation
KUWAIT TIMES, 19 July 2021
WASHINGTON: The United States and Vietnam on Monday said they had reached an agreement to resolve a dispute over the value of Hanoi’s dong currency, which Washington had briefly accused it of manipulating. Washington in April withdrew its accusation, but Vietnam remains on the US Treasury’s “Monitoring List” for scrutiny of its currency policies.
The new agreement will resolve the dispute between the two countries, according to the joint statement. “Treasury and the (State Bank of Vietnam) have had constructive discussions in recent months through the enhanced engagement process, and reached agreement to address Treasury’s concerns about Vietnam’s currency practices,” the statement said. Continue reading “Article: US reaches deal with Vietnam on currency manipulation”
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