# 7 U.S.C. § 1704: Use of local currency payment

> Federal · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/usc_t7_s1704

## Section

- **Citation:** 7 U.S.C. § 1704
- **Heading:** Use of local currency payment
- **Jurisdiction:** Federal
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** September 9, 2026
- **Source:** Publisher's official text
- **Location:** Title 7—AGRICULTURE > CHAPTER 41—FOOD FOR PEACE > SUBCHAPTER II—ECONOMIC ASSISTANCE AND FOOD SECURITY

## Text

Agreements under this subchapter may provide that the Secretary shall use payments made in local currencies by the developing country or private entity in accordance with this section.

( July 10, 1954, ch. 469 , title I, § 104, 68 Stat. 456 ; Aug. 26, 1954, ch. 937 , title V, § 544(h), (i), as added July 18, 1956, ch. 627, § 11(a) , 70 Stat. 564 , 565; amended Aug. 3, 1956, ch. 933, § 2 , 70 Stat. 988 ; Pub. L. 85–128, § 1(4) , Aug. 13, 1957 , 71 Stat. 345 ; Aug. 26, 1954, ch. 937 , title V, § 544(c), as added Pub. L. 85–141, § 11(b)(2) , Aug. 14, 1957 , 71 Stat. 365 ; Pub. L. 85–477 , ch. V, § 502( l ), June 30, 1958 , 72 Stat. 275 ; Pub. L. 85–931, § 3 , Sept. 6, 1958 , 72 Stat. 1790 ; Pub. L. 86–108 , ch. VII, § 701(d), July 24, 1959 , 73 Stat. 258 ; Pub. L. 86–341, title I , §§ 4–9, Sept. 21, 1959 , 73 Stat. 606 , 607; Pub. L. 87–128, title II, § 201(3) , Aug. 8, 1961 , 75 Stat. 306 ; Pub. L. 87–195 , pt. III, § 612(b), pt. IV, § 704, Sept. 4, 1961 , 75 Stat. 443 , 463; Pub. L. 87–839, § 2 , Oct. 18, 1962 , 76 Stat. 1074 ; Pub. L. 88–205 , pt. III, § 301(d)(2), Dec. 16, 1963 , 77 Stat. 386 ; Pub. L. 88–638 , §§ 1(6)–(10), 2, Oct. 8, 1964 , 78 Stat. 1035–1038 ; Pub. L. 89–106, § 5 , Aug. 4, 1965 , 79 Stat. 432 ; Pub. L. 89–808, § 2(B) , Nov. 11, 1966 , 80 Stat. 1528 ; Pub. L. 90–436 , §§ 2(a), 3, 6, July 29, 1968 , 82 Stat. 450 , 451; Pub. L. 91–524, title VII, § 702 , Nov. 30, 1970 , 84 Stat. 1379 ; Pub. L. 94–161, title II, § 204 , Dec. 20, 1975 , 89 Stat. 852 ; Pub. L. 96–53, title I, § 121 , Aug. 14, 1979 , 93 Stat. 366 ; Pub. L. 97–113, title IV , §§ 401(5), 402, Dec. 29, 1981 , 95 Stat. 1537 ; Pub. L. 100–418, title IV, § 4401 , Aug. 23, 1988 , 102 Stat. 1400 ; Pub. L. 101–624, title XV, § 1512 , Nov. 28, 1990 , 104 Stat. 3635 ; Pub. L. 104–127, title II, § 205 , Apr. 4, 1996 , 110 Stat. 953 ; Pub. L. 109–121, § 5(b) , Dec. 1, 2005 , 119 Stat. 2537 ; Pub. L. 110–246, title III, § 3006 , June 18, 2008 , 122 Stat. 1822 .)

## Nearby sections

- [7 U.S.C. § 1692 Transferred](https://www.frixlaw.com/law-library/statutes/usc_t7_s1692.md)
- [7 U.S.C. § 1693 to 1697 Repealed. Pub. L. 89–808, § 2(D) , Nov. 11, 1966 , 80 Stat. 1535](https://www.frixlaw.com/law-library/statutes/usc_t7_s1693...1697.md)
- [7 U.S.C. § 1701 Economic assistance and food security](https://www.frixlaw.com/law-library/statutes/usc_t7_s1701.md)
- [7 U.S.C. § 1702 Agreements regarding eligible countries and private entities](https://www.frixlaw.com/law-library/statutes/usc_t7_s1702.md)
- [7 U.S.C. § 1703 Terms and conditions of sales](https://www.frixlaw.com/law-library/statutes/usc_t7_s1703.md)
- [7 U.S.C. § 1704 Use of local currency payment](https://www.frixlaw.com/law-library/statutes/usc_t7_s1704.md)
- [7 U.S.C. § 1704a Agreements for use of foreign currencies; reports to Congress](https://www.frixlaw.com/law-library/statutes/usc_t7_s1704a.md)
- [7 U.S.C. § 1704b Repealed. Pub. L. 97–214, § 7(4) , July 12, 1982 , 96 Stat. 173](https://www.frixlaw.com/law-library/statutes/usc_t7_s1704b.md)
- [7 U.S.C. § 1704c Payments by Secretary of Defense in liquidation of amount due for foreign currencies](https://www.frixlaw.com/law-library/statutes/usc_t7_s1704c.md)
- [7 U.S.C. § 1705, 1706 Repealed. Pub. L. 104–127, title II , §§ 206, 265(a), Apr. 4, 1996 , 110 Stat. 953 , 974](https://www.frixlaw.com/law-library/statutes/usc_t7_s1705%20_us_usc_t7_s1706.md)
- [7 U.S.C. § 1707 Omitted](https://www.frixlaw.com/law-library/statutes/usc_t7_s1707.md)
- [7 U.S.C. § 1707a Repealed. Pub. L. 101–624, title XV, § 1574 , Nov. 28, 1990 , 104 Stat. 3702](https://www.frixlaw.com/law-library/statutes/usc_t7_s1707a.md)
- [7 U.S.C. § 1707b to 1707d Omitted](https://www.frixlaw.com/law-library/statutes/usc_t7_s1707b...1707d.md)
- [7 U.S.C. § 1708 to 1715 Omitted](https://www.frixlaw.com/law-library/statutes/usc_t7_s1708...1715.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/usc_t7_s1704. Check the current official text before relying on it. Not legal advice.