US Treasury Removes India From Its Currency Monitoring List
US Treasury Removes India From Its Currency Monitoring List
TheUS Department of Treasury removed India along with Italy, Mexico, Thailand and Vietnam from its Currency Monitoring List.
China, Japan, Korea, Germany, Malaysia, Singapore, and Taiwan are the seven economies that are a part of the current monitoring list
The move came on a day when Secretary of the Treasury Janet Yellen visited New Delhi and held talks with Finance Minister Nirmala Sitharaman.
President Joe Biden, saying that India is an “indispensable partner to the United States”. India had been on the list for the last two years.
“That’s particularly true today. I believe thatthese urgent challenges are bringing India and the United States closer together than ever before,” she said.
Speaking at the US-India Businesses and investment Opportunities event in New Delhi, Janet Yellen said that the US will be extending support to India’s presidency in G20 to achieve shared global priorities.