Convertible

Convertible currencies

MODIFICATIONS TO KUWAIT'S SHORELINE PRESERVE

Non convertible

Non convertible currency

Exchange of currencies

A. Currency exchange rate 99 102 26

For claims stated in currencies other than Kuwaiti dinars or United States dollars, the currency exchange rate to be applied is the average rate in effect for the month of August 1990 for converting those currencies into United States dollars as indicated in the United Nations Monthly Bulletin of Statistics.

Non convertible currencies held at 31 December 2004

The regular resources cash balance at the end of 2004 was 329 million, consisting of 318 million in convertible currencies and 11 million in non convertible currencies.

Table 5 Non convertible currencies held at 31 December 2004

It is also a means to obtain United States dollars through the foreign exchange process.

Schedule 10 Non convertible Currency Holdings as at 31 December 1997 73

depreciation of nonconvertible currencies.

The equivalent of 1,491,424 ( 1,099,180) is held in currencies classified as non convertible, as follows

Currency exchanges and money transfers are subject to the regulations mentioned above, which specify the conditions for the legality of any transaction.

Thus, these costs do not raise any currency exchange rate issues.

Its currency is freely convertible, and there are no controls on capital movement.

It includes refunds of the prior years apos expenditure and gains on the translation of currencies.

Officials responsible for the operation of the Tribunal's bank accounts or for holding the Tribunal's cash or negotiable instruments are not authorized to exchange one currency for another, except to the extent necessary for the transaction of official business.

C) Through an amendment in Foreign Exchange Act 1947, State Bank of Pakistan (SBP) has issued directives whereby the money changers have been transformed into the Exchange Companies duly regulated by SBP having a minimum capital of Rupees 100 million.

The provisional available balance that remained in the Voluntary Trust Fund as of 30 June 1998 amounted to 364,608 in convertible and 14,132 in non convertible currencies (at official rates as at 30 June 1998).

Non convertible currency counterpart contributions to the Mediterranean Trust Fund (statement VII.2) 193 583

Caribbean Trust Fund (statement VII.3) 27 099

Note 7. Non convertible currencies pending United States dollar credit from UNDP

(d) Currency exchange adjustments

(f) Currency exchange adjustment

Table 5 shows details of the United States dollar equivalent of non convertible currencies held at 31 December 2004.

The following table shows details of the United States dollar equivalent of non convertible currencies held at 31 December 2004.

When those limitations do not exist, the currencies are considered by UNICEF as unrestricted because these are fully convertible.

That the exported goods are furnished against foreign currency convertible within three months of the date of shipment.

(d) Includes NCC equivalent of 93,000 and unpaid pledges of 142,000.

The following figures show the United States dollar equivalent of the non convertible currencies held as at 30 June 1997

The Panel therefore determines the appropriate exchange rate applicable to claims expressed in other currencies.

The savings were offset in part by the recording in the Operations accounts of losses on currency exchange.

Statement VII.2. Non convertible currency counterpart contributions to the Mediterranean Trust Fund

Statement VII.3 Non convertible currency counterpart contributions to the Caribbean Trust Fund

Refer to Schedule 10 for details of the dollar equivalent of non convertible currencies held at 31 December 1997.

Such companies are now therefore able to open branches anywhere that no money changing service is available.

Table 6 Rates of exchange of various currencies relative to the United States dollar and annual rates of inflation for 2004 to 2007, by main duty station

(h) Translation of currencies

(k) Translation of currencies

Finally, the Claim establishes that the notes were exchanged by the Claimant prior to the announcement by the Central Bank of Kuwait, operating in exile, cancelling the stolen currency series.

Cuban steel producer Antillana de Acero makes 80 per cent of its purchases on European markets, paying in euros and consequently losing over 25 per cent because of currency exchange costs.

Therefore, the Panel is required to determine the appropriate rate of exchange to apply to losses or Claims expressed in other currencies.