Foreign Exchange

Foreign Exchange. The director may specifically provide for the operation of the business of selling foreign currency notes or receiving money for the purpose of transmitting the money or its equivalent to foreign countries. The director may establish by regulation such conditions and restrictions upon the foreign exchange business as the director deems consistent with this division and in the public interest. Source: PL 3-104, § 340. Commission Comment: With respect to the references to the “director” of the Department of Commerce and Labor, see Executive Order 94-3 (effective August 23, 1994), reorganizing the executive branch, changing agency names and official titles, and effecting other changes, set forth in the Commission comment to 1 CMC § 2001.