excess foreign currencies

(5) As used in section 2452(b)(10) of this title , the term “excess foreign currencies” means foreign currencies, which if acquired by the United States (A) would be in excess of the normal requirements of departments, agencies, and embassies of the United States for such currencies, as determined by the President, and (B) would be available for the use of the United States Government under applicable agreements with the foreign country concerned.

Source

22 USC § 2454(g)(5)


Scoping language

As used in section 2452
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