Sec. 10603. Accounting and valuation of foreign currencies
89 words·~1 min read·
/bill/113/hr/1793/ih/section-10603A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Under the direction of the President, the Secretary of the Treasury shall have responsibility for valuation and central accounting with respect to foreign credits (including currencies) owed to or owned by the United States. In order to carry out such responsibility, the Secretary shall issue regulations binding upon all agencies of the United States Government. The Secretary of the Treasury shall have sole authority to establish for all foreign currencies or credits the exchange rates at which such currencies are to be reported by all agencies of the Government.