Report on cash contributions at 31 December 1997 Local currency Donor Currency

This isn't 10,000, it's the local currency.

Military expenditure in local currency billion won

Both United Kingdom and local coinage are used, together with local currency notes.

Figure IVc (In terms of local currency, 1995 100)

Expanding local currency bond markets could expedite a shift from dollar denominated cross border loans to local currency loans, bringing benefits to both investors and borrowers.

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Schedule 7. General Service salaries changes in local currency terms

The currency was in theory governed by a rules based Currency Board, which the British invented for their smaller colonies. It tied the local currency to the British Pound, giving local authorities no discretion in monetary policy.

124 (c) The present local currency entitlement system for hard currency duty stations should be maintained (see annex VI)

Gross proceeds are recorded in local currency based on current year deliveries.

Salaries are paid in local currency while allowances are paid in US dollars.

This has forced the State to use local currency to finance Iraqi imports, thereby devaluing this currency outside Iraq and reducing its purchasing power.

So, this rise of this sort of local currency is another really interesting phenomenon.

a A higher real exchange rate signifies a real depreciation of the local currency.

b Represents gain on exchange from revaluation of accounts payable expressed in local currency.

c Represents gain on exchange from revaluation of accounts payable expressed in local currency.

Several speakers pointed out the importance of avoiding the accumulation of foreign currency denominated debt and borrowing in local currency as a hedge against foreign exchange rate risk.

Local currency Italian Lira (On 3 July 1997 the BCI conversion rate was Lit.1,699 US 1).

Like the project company, the foreign construction contractors and suppliers will expect to be able to convert into foreign currency and transfer abroad any revenue earned in local currency.

Such problems include budgeting in more than one currency (whereby agencies may have to report in a local currency at the project site and in a second currency from their headquarters) and delays in receiving final invoices from vendors.

b The local currency is the St. Helena pound, which is equivalent to the United Kingdom pound sterling.

Local currency in circulation as at 31 March 1996 was 2,975,030, comprising 2,600,970 in notes and 374,060 in coins.

The exchange rate explains part, but not all, of the increase, since 13 countries actually increased contributions in local currency.

Some 18 Governments increased their contributions to regular resources in local currency and 14 increased by 7 per cent or more.

2. Takes note of the updated list of hard currency duty stations for which the allowances are specified in local currency, as contained in annex X to the report of the International Civil Service Commission 1

All organizations whose expenditures, like those of the secretariat, are predominantly incurred in local currency experience problems arising from exchange rate fluctuations.

quot (a) For countries where the application of the local currency track would lead to aberrant results, with wide fluctuations depending on the precise commencement date of the underlying benefit entitlement, establishment of a local currency base amount in accordance with section C may be discontinued by the Secretary of the Pension Board.

quot 38. (a) For countries where a new currency unit was introduced on or after 1 January 1990 which represented, at the time of its introduction, an increase in the value of the local currency in relation to the United States dollar of at least 100 per cent, the local currency base amount under section C, paragraph 5 (b) (iii), above shall be determined in the following manner

Many countries therefore view the development of local currency bond markets to be an important policy priority that reduces vulnerability to external shocks.

Some of the Asia Pacific and Latin American and Caribbean countries have begun to issue long term, local currency bonds to promote investments.

The increase in average monthly rates is due to inflation as a result of the introduction of the kuna as the local currency.

As a result of the misunderstanding, the Agency was temporarily unable to obtain local currency, leading to interruption of some services and delays in payment of December 1996 and January 1997 salaries to local staff.

Under the pension adjustment system, the dollar pensions and, if applicable, the local currency pensions, were adjusted on an annual basis on 1 April.

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Local currency government debt markets have performed fairly well during the crisis, while local currency corporate debt markets have played a more modest role as a vehicle for longer term finance. This suggests that domestic reforms aimed at reducing issuance costs, improving disclosure requirements, enhancing creditors rights frameworks, and tackling other inhibiting factors could bring high returns.

For a variety of reasons, implementing partners sometimes face difficulties in submitting this report quickly. Such problems include budgeting in more than one currency, (whereby agencies may have to report in a local currency at the project site and in a second currency from their headquarters) and delays in receiving final invoices from vendors.

A number of participants emphasized that increased borrowing in the local currency by developing and transition countries, both internally and from foreigners, should be encouraged.

A daily allowance for incidental expenses is paid to all military personnel at a rate of 1.28 per person per day, payable in local currency.

The expenditure on health and medical services in 1994 was CI 12.6 million, with a further 2.2 million in local currency for overseas medical services.

It was noted that donor countries and multilateral financial institutions had been active in supporting these efforts and in providing debt guarantees to catalyse local private financing, ranging from microfinance to local currency bonds for infrastructure investment.

quot (c) (i) The local currency base amount determined in accordance with subparagraph (a) (i) above shall be adjusted by the consumer price index movement, in accordance with section H above, as from the date of introduction of the new currency unit

Governments may be able to mobilize funding through debt swaps, where donors exchange debt for local currency investment in environmental protection, such as waste water treatment.