Secret Key
12-04-2006, 07:46 PM
This is from the Dept. Of Treasury
I TFM Part 4-CHAPTER 9000: FOREIGN EXCHANGE (T/L 606) (http://www.fms.treas.gov/scripts/search/redirect/?ciURL=/tfm/vol1/v1p4c900.html&CiUserParam1=Exchanging%20Currency&QryType=all&CiGroup=10&ciScopeOption=i&CiScope=/&CiFileTypeOption=i&CiFileType=&CiSort=rank&Page=1&ciTopic=I%20TFM%20Part%204-CHAPTER%209000:%20FOREIGN%20EXCHANGE%20(T/L%20606))
9040.20-Purchase of Foreign Currency from Individuals
The accountable officer or authorized agent may purchase foreign Currency or instruments payable in foreign Currency from individuals under the following conditions and limitations:
Notwithstanding the provisions of I TFM 2-3200, accountable officers or authorized agents are empowered to purchase foreign currencies from U.S. Government employees prior to departure after termination of their foreign assignment, or if the employee receives home leave and return orders and has been authorized to sell and convert those items that need replacement before his/her return, provided that controls have been established to prevent conversion with more than one accountable officer or authorized agent.
If the amount of foreign Currency presented does not exceed the sum of the employee's salary and allowances for 2 biweekly pay periods, it may be purchased without requiring documentation of any kind from the departing employee.
If the amount of foreign Currency presented exceeds the amount authorized to be purchased by paragraph 1, the employee presenting such Currency should be required to submit a written application containing a statement (a) describing the source of such Currency, and (b) affirming that none of the Currency presented was acquired in violation of local agency administrative regulations, or exchange control laws of the country concerned. The local officer in charge of the agency to which the employee is attached should approve the application.
Each of the above provisions is subject to the further limitation in paragraph 9045.20.Accountable officers or authorized agents are empowered to repurchase foreign currencies (i.e., perform a reverse accommodation exchange) from any person authorized to purchase foreign currencies through the accommodation exchange, provided the person is leaving the country and the amounts are subject to limitations in paragraph 9045.20.
I TFM Part 4-CHAPTER 9000: FOREIGN EXCHANGE (T/L 606) (http://www.fms.treas.gov/scripts/search/redirect/?ciURL=/tfm/vol1/v1p4c900.html&CiUserParam1=Exchanging%20Currency&QryType=all&CiGroup=10&ciScopeOption=i&CiScope=/&CiFileTypeOption=i&CiFileType=&CiSort=rank&Page=1&ciTopic=I%20TFM%20Part%204-CHAPTER%209000:%20FOREIGN%20EXCHANGE%20(T/L%20606))
9040.20-Purchase of Foreign Currency from Individuals
The accountable officer or authorized agent may purchase foreign Currency or instruments payable in foreign Currency from individuals under the following conditions and limitations:
Notwithstanding the provisions of I TFM 2-3200, accountable officers or authorized agents are empowered to purchase foreign currencies from U.S. Government employees prior to departure after termination of their foreign assignment, or if the employee receives home leave and return orders and has been authorized to sell and convert those items that need replacement before his/her return, provided that controls have been established to prevent conversion with more than one accountable officer or authorized agent.
If the amount of foreign Currency presented does not exceed the sum of the employee's salary and allowances for 2 biweekly pay periods, it may be purchased without requiring documentation of any kind from the departing employee.
If the amount of foreign Currency presented exceeds the amount authorized to be purchased by paragraph 1, the employee presenting such Currency should be required to submit a written application containing a statement (a) describing the source of such Currency, and (b) affirming that none of the Currency presented was acquired in violation of local agency administrative regulations, or exchange control laws of the country concerned. The local officer in charge of the agency to which the employee is attached should approve the application.
Each of the above provisions is subject to the further limitation in paragraph 9045.20.Accountable officers or authorized agents are empowered to repurchase foreign currencies (i.e., perform a reverse accommodation exchange) from any person authorized to purchase foreign currencies through the accommodation exchange, provided the person is leaving the country and the amounts are subject to limitations in paragraph 9045.20.