Ban on US Exchange of Iran's Special Drawing Rights (SDRs)
This legislation aims to restrict Iran's access to international financial assets. It prohibits the U.S. Treasury Department from engaging in any transactions to exchange Special Drawing Rights (SDRs) held by Iran, which are assets issued by the International Monetary Fund (IMF). Furthermore, the U.S. must advocate for other IMF member countries to adopt similar prohibitions and oppose future SDR allocations to Iran.
Key points
The U.S. Treasury is banned from exchanging Iran's financial assets (SDRs) issued by the International Monetary Fund.
The U.S. must actively urge other major countries to implement identical SDR exchange bans for Iran.
The U.S. will use its vote at the IMF to oppose any new allocation of Special Drawing Rights to Iran.
Status:
Expired
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