Move FM Global News

TAIPEI, Taiwan: Taiwan’s central bank has said that after the US kept the island on a monitoring list for manipulating the value of its currency, it is constantly communicating with the US Treasury Department on the issue.

In its semi-annual currency report, the US Treasury said that it found no major US trading partners had manipulated their currencies for an export advantage and ended “enhanced analysis” for Switzerland after the country met only one of three manipulation criteria.

Switzerland remains on a “monitoring list” for close attention to foreign exchange and economic policies, along with China, Taiwan, South Korea, Germany, Malaysia and Singapore, the department added.

In response, Taiwan’s central bank said its communication channels with the US Treasury were “smooth.”

“In the future, the two sides will continue to communicate on issues, such as overall economic and exchange rate policies on the basis of good interactions,” it added.