currency Syndicated

State may exit US currency blacklist

The United States may remove Ireland from its list of potential currency manipulators next year after the State’s current account surplus turned to a deficit in 2019.

The US Department of the Treasury updated its guidance this week.

While the main decision was to remove China from the blacklist, the State was also among those that could be exempted.

Ireland and Italy were surprise inclusions in last year’s report, which applies three measures to establish whether countries use their exchange rates to boost exports to the US.

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