US Treasury Watchlist: Thailand Added for Currency Concerns

Thairath•International•257d ago

Reader Briefing

Thailand has been added to the US Treasury's 'Closely Watched' list for its macroeconomic policies and exchange rate behavior.

•The US Department of the Treasury has released a semi-annual report on major trading partners' macroeconomic policies and exchange rates.
•Thailand, along with nine other economies, has been placed on a 'Monitoring List' for close observation of its exchange rate behavior.
•This marks Thailand's re-entry onto the list after being absent from the previous June 2025 report.
•No countries were designated as currency manipulators in the latest report, though China faces criticism for lack of transparency.

Overview

•In June 2025, Thailand was not included in the US Treasury's report on major trading partners' macroeconomic policies and exchange rates.
•In the latest semi-annual report, Thailand was added to the 'Monitoring List' for close observation of its exchange rate behavior, resulting in heightened scrutiny.
•The US Department of the Treasury stated that no trading partners qualified as 'Currency Manipulators' over the past four quarters ending June 2025, but intensified analysis under the 'America First' policy.
•The US Department of the Treasury cited China's lack of transparency in its currency policies, warning that this ambiguity will not prevent China's future blacklisting if evidence of intervention to curb yuan appreciation is found.
•Thailand, along with China, Japan, South Korea, Taiwan, Singapore, Vietnam, Germany, Ireland, and Switzerland, are on the 'Monitoring List' due to concerns over their macroeconomic policies and exchange rate behavior.
•The US Department of the Treasury has begun discussions with six key trading partners, including Thailand and Japan, to reaffirm commitments to avoiding currency intervention and enhancing exchange rate data transparency.
•The US Treasury's enhanced criteria now monitor interventions to prevent both currency appreciation and depreciation, as well as the use of capital controls and financial tools that could create trade advantages.
•Increased scrutiny on Thailand's currency and macroeconomic policies by the US Treasury could lead to further discussions and potential pressure on its economic management.

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Key Entities

Organization

US Department of the Treasury(กระทรวงการคลังสหรัฐฯ)ℹ️

The US governmental body responsible for the economy and reporting on international trade and currency policies.

Place

Thailand(ไทย)ℹ️

A country added to the US Treasury's 'Monitoring List' for its macroeconomic policies and currency exchange rate behavior.

China(จีน)ℹ️

A country on the US Treasury's 'Monitoring List' criticized for lack of transparency in its currency policies.

Japan(ญี่ปุ่น)ℹ️