31 C.F.R. § 535.576 Payment of non-dollar letters of credit to Iran.
Title 31 - Money and Finance: Treasury
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]
Title 31: Money and Finance: Treasury
PART 535—IRANIAN ASSETS CONTROL REGULATIONS
Subpart E—Licenses, Authorizations and Statements of Licensing Policy
§ 535.576 Payment of non-dollar letters of credit to Iran.
