According to the latest report by the U.S. Department of the Treasury released this week, Switzerland is no longer defined as a currency manipulator, a status it has held for some time. © Diego Grandi | Dreamstime.comTo be classified as a currency manipulator by the U.S. Treasury a nation has to fulfil three criteria. Switzerland does not engage in any manipulation of the Swiss franc, said the Swiss Finance Ministry after the U.S. Treasury report was published. By the end of June 2021, Switzerland’s foreign currency reserves stood at $1 trillion, up from $896 billion at end-June 2020. More on this:U.S. Treasury report (in English)For more stories like this on Switzerland follow us on Facebook and Twitter.

Source: Le News December 10, 2021 23:24 UTC