In order to carry out the purposes of section
2101 of this title, and subject to section
1306 of title
31, the President may use or enter into agreements with foreign nations or organizations of nations to use the foreign currencies which accrue under title I of the Food for Peace Act [
7 U.S.C.
1701 et seq.], and the Mutual Security Act of 1954, or which are otherwise available for utilization by the United States. The President is authorized to agree to the utilization by foreign nations, for programs designed to carry out the purposes of section
2101 of this title in cooperation with the United States, of amounts deposited in special accounts pursuant to section 142(b) of the Mutual Security Act of 1954, to the extent that the amounts in such accounts exceed the requirements of other programs covered by such section
142
(b). Such utilization of amounts in special accounts shall be without regard to the second proviso in clause (iii) of such section
142
(b).