§ 535.566. Unblocking of foreign currency deposits held by U.S.-owned or controlled foreign firms.
45 words·~1 min read·
/us/cfr/t31/s§ 535.566·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Deposits held abroad in currencies other than U.S. dollars by branches and subsidiaries of persons subject to the jurisdiction of the United States are unblocked, provided however that conversions of blocked dollar deposits into foreign currencies are not authorized. \[44 FR 66833, Nov. 21, 1979\]