Finanse publiczne · 29.01.1996

Foreign Exchange Operations

This action proposes regulations to amend the administration of the purchase, custody, deposit, transfer, sale and reporting of foreign exchange (including credits and currencies) by executive departments and agencies. The specific section being amended addresses the limitation on the purchase of foreign exchange. Currently, foreign exchange acquired by agencies shall be placed with accountable officers. Unless otherwise authorized by the Secretary of the Treasury, no accountable officer shall purchase foreign exchange which, together with the balance on hand at the time of purchase, would exceed estimated requirements for a 30 day period. This proposed revision would restrict accountable officers to estimated requirements for a 5-7 business day period unless they have obtained a specific waiver of this requirement from the Secretary of the Treasury.