Treasury Department

Treasury Secretary Previews IMF, World Bank Meetings

U.S. Treasury Secretary Jacob Lew says, “The best thing for Russia and the best thing for the world is for Russia not to take the steps that cause further sanctions to be necessary.”

The IMF and World Bank Spring Meetings will focus on promoting global economic growth and development.

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U.S. Acts to Ensure Iran’s Humanitarian Imports Continue

Close-up of Treasury David S. Cohen

The Department of the Treasury took actions to reinforce long-standing U.S. government efforts to ensure that the extensive economic and financial sanctions on Iran do not impede Iran’s humanitarian imports.

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Countries Work Together to Combat Tax Evasion, Boost Compliance

State revenue office workers process tax forms in Springfield, Illinois, in 2012

Working with more than 80 countries around the world, the U.S. has extended the time for completion of international tax agreements aimed at fighting offshore tax evasion and boosting global tax compliance.

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The Rial Is Next Target for Pressuring Iran on Nuclear Activities

Iran

Starting July 1, the U.S. will be able to impose sanctions on financial institutions that conduct significant transactions or hold accounts that are dominated by Iran’s currency, the rial.

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New Steps Tighten Enforcement of Sanctions Against Iran

David Cohen

As part of its ongoing efforts to intensify sanctions pressure on Iran, the U.S. Department of the Treasury took a series of related actions to disrupt efforts to evade sanctions on the Iranian regime.

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Treasury Secretary Affirms U.S. Support of World Bank

U.S. Treasury Secretary Jack Lew and World Bank President Jim Yong Kim

The Obama administration will continue to work with the World Bank and other multilateral institutions to promote global prosperity and to help low-income countries build resilience to climate change.

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U.S. Dollars Designed to Outsmart Counterfeiters

redesign of U.S. paper money

The U.S. Department of the Treasury’s Bureau of Engraving and Printing (BEP) has been updating cash notes to better keep up with increasingly sophisticated and publicly available printing technologies.

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U.S. Iran Sanctions Exempt Food, Medicine, Remittances

people digging through the rubble

U.S. sanctions have been steadily tightening on Iran as a result of the Iranian government’s continued failure to live up to its international obligations regarding its nuclear and ballistic missile activities.

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More U.S. Sanctions Target North Korean Weapons Proliferation

Special Representative Glyn Davies

The United States has designated a Hong Kong–based company, two North Korean bank officials, North Korea’s space agency and several space officials in response to U.N. Security Council Resolution 2087, which was unanimously adopted on January 22 in the wake of Pyongyang’s launch — in direct violation of U.N. Security Council resolutions 1718 and 1874 — of a rocket using ballistic missile technology on December 12.

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U.S. Pledges Continued Support for Global Agriculture

The U.S. Feed the Future initiative has been working to increase rural farmers' incomes and tackle the underlying causes of food insecurity.

The United States will contribute up to $475 million to the Global Agriculture and Food Security Program (GAFSP), promising to give $1 for every $2 committed by other donors.

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