Three Asian central banks rebuff US claims of currency manipulation
Singapore, Malaysia and Vietnam respond to being placed on US Treasury watchlist
The central banks of Malaysia, Singapore and Vietnam have all said they do not engage in exchange rate manipulation, after the US Treasury added the three countries to its watchlist of countries under extra scrutiny over currency practices.
The Monetary Authority of Singapore (MAS) issued a statement on May 29, saying it does not manipulate its currency for export advantage: “The MAS reiterated that Singapore’s monetary policy framework, which is centred on the exchange rate, has always been
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