The U.S. Treasury Department announced Friday that it will delay the publication of its semi- annual currency report to Congress. The Treasury will "delay publication of the semi-annual Report to Congress on International Economic and Exchange Rate Policies of our major trading partners until later this year," it said in a statement. This could give the Treasury a chance to assess progress following several international meetings in the coming months, including the G20 Finance Ministers and Central Bank Governors Meeting, the G20 Leaders Summit, the Asia-Pacific Economic Cooperation (APEC) Finance Ministers Meeting, and APEC Leaders Meeting. The Omnibus Trade and Competitiveness Act of 1988 requires the Treasury to provide reports on whether countries manipulate the rate of exchange between their currency and the United States dollar for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade. The currency report was scheduled to be released on Saturday. However, the current and previous U.S. administrations have often missed the report deadline. The U.S. Treasury last published the semi-annual report on May 27, 2011. In five previous such reports from the Obama administration, the U.S. government has declined to label China as a "currency manipulator". The U.S. Senate on Tuesday passed a controversial currency bill which threatens to punish China for so-called "currency manipulation" with retaliatory tariffs, despite strong opposition from China and many U.S. business groups.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:59 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 16:57 2018 Wednesday ,31 October
Putin to discuss relations development prospectsGMT 16:04 2018 Monday ,29 October
Russian, Cuban presidents to discuss strategic partnershipGMT 12:57 2018 Saturday ,27 October
"Undeclared war" forces Russia to boost defense spendingGMT 15:45 2018 Friday ,26 October
Medvedev to represent Russia at upcoming APEC summitGMT 14:12 2018 Thursday ,25 October
Saudi Arabia plans to invest in Russian-Chinese Fund soonMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor