CURRENT AFFAIRS

Detailed explanation-1: -Why India has been removed from the US’ Currency Monitoring List.

Detailed explanation-2: -Apart from India, the other countries removed from the list include Italy, Mexico, Vietnam, and Thailand.

Detailed explanation-3: -India is among the few countries the US Department of Treasury removed from its Currency Monitoring List. The department announced the move in its biannual report to the US Congress. Other countries to be removed from the list include Mexico, Italy, Thailand, and Vietnam.

Detailed explanation-4: -The US Treasury Department told the Congress in a report submitted on Thursday that it has removed India, Italy, Mexico, Thailand, and Vietnam from the “Monitoring List” because they met with only one of the three criteria needed for designation in two consecutive reports.

Detailed explanation-5: -Countries/economies on the list: China, Japan, South Korea, Germany, Malaysia, Singapore and Taiwan are currently on the list of currency monitoring list.