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Igor

U.S. Treasury Definition

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The US Treasury is an executive department of the US government that oversees the fiscal policy and management of the US economy. It has many organs with which it carries out this function. Some of these organs are the US Mint (responsible for production of the bank notes of the US Dollar and the cent coins), the Inland Revenue Service (IRS) which is responsible for enforcement of tax compliance and the Office of Foreign Assets and Control which enforces economic and trade sanctions against individuals, corporations and countries, based on US foreign policy and national security goals.

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