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Major Findings:
· Countries around the world continue to use a variety of exchange rate policies, ranging from flexible rates with no intervention to currency unions and full dollarization.
· There was no reversal of the trend toward greater flexibility observed since the mid 1990s. Treasury continues to monitor the exchange rate practices of major U.S. trading partners and to encourage policies that promote economic growth and economic stability.
· No major trading partners of the United States manipulated exchange rates under the terms of Section 3004 of the Act during the period January 1, 2002 to June 30, 20021.
Report(s):
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