Deputy PM says pandemic exposed problems in Thai economy, time to improve

Thailand is now on the United States Treasury’s “monitoring list” for suspected currency manipulation, unfair policies to gain an advantage in international trade.

Vietnam and Switzerland were both labeled currency manipulators in the US Treasury’s recent report “Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States.” Along with Thailand, the Treasury also added Taiwan and India to their watchlist which includes China, Japan, Korea, Germany, Italy, Singapore and Malaysia.

US Treasury Secretary Steven T. Mnuchin said in a press release that the department will take a “strong step today to safeguard economic growth and opportunity for American workers and businesses.”

“Treasury will follow up on its findings with respect to Vietnam and Switzerland to work toward eliminating practices that create unfair advantages for foreign…