View all text of Subpart E [§ 535.501 - § 535.580]
§ 535.576 - Payment of non-dollar letters of credit to Iran.
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.