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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 31 - Money and Finance: Treasury |
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Subtitle B - Regulations Relating to Money and Finance |
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Chapter V - Office of Foreign Assets Control, Department of the Treasury |
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Part 535 - Iranian Assets Control Regulations |
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Subpart E - Licenses, Authorizations and Statements of Licensing Policy |
§ 535.576 - Payment of non-dollar letters of credit to Iran.
Latest version.
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§ 535.576 Payment of non-dollar letters of credit to Iran.
Notwithstanding the prohibitions of §§ 535.201 and 535.206(a)(4), payment of existing non-dollar letters of credit in favor of Iranian entities or any person in Iran by any foreign branch or subsidiary of a U.S. firm is authorized, provided that the credit was opened prior to the respective effective date.
[45 FR 29288, May 2, 1980]