CFR > Title 31 - Money and Finance: Treasury > SUBTITLE B—Regulations Relating to Money and Finance > CHAPTER V—OFFICE OF FOREIGN ASSETS CONTROL, DEPARTMENT OF THE TREASURY (parts 501 to 598) > PART 535—IRANIAN ASSETS CONTROL REGULATIONS > SUBPART E—Licenses, Authorizations and Statements of Licensing Policy (§535.501 to §535.580) > 535.566—Unblocking of foreign currency deposits held by U.S.-owned or controlled foreign firms.

535.566—Unblocking of foreign currency deposits held by U.S.-owned or controlled foreign firms.

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.

Code of Federal Regulations

[44 FR 66833, Nov. 21, 1979]