WASHINGTON (AN) — The International Monetary Fund was thrust into a dispute over currency manipulation on Wednesday as the United States formally accused Vietnam and Switzerland of improperly intervening in foreign exchange markets.
IMF, which provides emergency loans for nations to weather economic crises, prohibits nations from manipulating their currency to gain an unfair trade advantage. Though it lacks the ability to demand changes to a nation's exchange rate policy, IMF serves as a backbone for the international monetary system and its 190 member nations must adhere to its rules.
Geopolitics — Sustainable Development Goals — China — Germany — India — International Monetary Fund (IMF) — Italy — Japan — Malaysia — Singapore — South Korea — Switzerland — Taiwan — Thailand — Americas — Vietnam
