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EO 12535Executive OrderReagan · R

Executive Order 12535

Prohibition of the importation of the South African krugerrand

This executive order prohibits the importation of South African Krugerrand gold coins into the United States, effective October 11, 1985. The order was issued under the International Emergency Economic Powers Act as part of broader U.S. measures responding to apartheid-era South Africa, implementing UN Security Council recommendations.

50 FR 40325
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Impact dates

  1. Import prohibition of South African Krugerrands takes effect

Key directives

  • Prohibit importation of South African Krugerrands effective 12:01 a.m. EDT October 11, 1985
  • Secretary of the Treasury authorized to promulgate rules and regulations to carry out prohibition

Who is ordered

Timeline

Immediate

  • Import prohibition takes effect October 11, 1985 at 12:01 a.m. EDT

Near term (90d)

  • Treasury Secretary to promulgate implementing rules and regulations

Long term

  • Ongoing enforcement of Krugerrand import ban

Risks & tensions

  • No explicit deadline for Treasury regulations; 'authorized' language suggests discretionary rather than mandatory rulemaking timeline
  • Builds on prior EO 12532, indicating layered sanctions approach that may create compliance complexity
  • Gold market participants may seek alternative South African gold products or non-South African coins to circumvent ban
Executive Order 12535: Prohibition of the importation of the South African krugerrand · Executive Orders