6 ms·
Now what? Is there a legal designation or meaning to currency-manipulator I'm unaware of, or is this basically like the Chinese designating Trump a "name-calle
by gopher2 7y ago
Now what?
Is there a legal designation or meaning to currency-manipulator I'm unaware of, or is this basically like the Chinese designating Trump a "name-caller."
- internet_user 7y ago"The three assessment criteria are: “(1) a significant bilateral trade surplus with the United States is one that is at least $20 billion; (2) a material current account surplus is one that is at least 3 percent of gross domestic product (GDP); and (3) persistent, one-sided intervention occurs when net purchases of foreign currency are conducted repeatedly and total at least 2 percent of an economy’s GDP over a 12-month period.”[1] https://en.wikipedia.org/wiki/Currency_manipulator https://en.wikipedia.org/wiki/Currency_manipulator
- gopher2 7y agoThanks. TIL this is a real thing. Let the bilateral negotiations begin!
- Bendingo 7y agoThat seems pretty arbitrary to me.
- internet_user 7y agoHow so? It's just a way to ban competitive devaluations.
- deleted 7y ago[deleted]