© Reuters. FILE PHOTO: The Taiwanese central bank logo is seen on the door of a bank in Taipei, Taiwan, December 14, 2022. REUTERS/Ann Wang/File photo
TAIPEI (Reuters) – Taiwan’s central bank said on Saturday it has smooth communication channels with the U.S. Treasury Department and will continue to talk with it on foreign exchange policies after the United States kept the island on a watch list.
The Treasury Department said on Friday that it found no major US trading partners had manipulated their currencies for an export advantage and ended the “enhanced analysis” of Switzerland after the country met only one of three manipulation criteria.
Switzerland remains on a “watch list” for close attention to foreign exchange and economic policies, the ministry said in its biannual currency report, along with six other trading partners: China, Taiwan, South Korea, Germany, Malaysia and Singapore.
Taiwan’s central bank responded that its communication channels with the US Treasury Department were “smooth”.
“In the future, the two sides will continue to communicate on issues such as comprehensive economic policies and exchange rate policy on the basis of good interactions,” she said.