Foreign Assistance: Use of Host Country-Owned Local Currencies

Pursuant to a congressional request, GAO reviewed information on U.S. assistance to foreign countries, focusing on: (1) who owned local currencies generated by such assistance; (2) whether use of the currencies was consistent with U.S. assistance objectives; (3) the accountability requirements for local currency use; and (4) the potential for local currency generation and its use to affect host country economies.