Russia was suspected currency manipulation


www.vsyako.netPhoto: Vitaly Timkivi / RIA Novosti

The U.S. Treasury Department plans to include Russia in the list of countries that manipulate currency to benefit. About it reports Bloomberg with reference to sources.

This list is updated every six months, currently made to 12 countries. In the coming months, States will submit a new version, and it is expected that the number of States will be expanded to 20.

It is noted that new countries will be included in the list of changes one of the criteria. Along with Russia it can get in Vietnam, Indonesia, Ireland, Malaysia and Thailand, which have a large trade surplus with the United States. At the same time, India and South Korea will be excluded from the document.

The country’s inclusion on this list, says the Agency, not for it carries legal consequences, but the U.S. government will be required to enter into negotiations with those manipulating the currency. Also, the authorities of these countries will face market consequences.

In April, the President of the United States Donald trump wrote on Twitter that Russia and China “playing the devaluation of the currency,” raising the key rate that the President called unacceptable.

In the same month it was reported that Russia during the sanctions reduced the share of payments in dollars by 12.6 percent in foreign trade and increased in euros and rubles by 26.6% and 14% respectively.

Video, photo All from Russia.


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