Convertible

Convertible currencies

depreciation of nonconvertible currencies.

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

MODIFICATIONS TO KUWAIT'S SHORELINE PRESERVE

Non convertible

Non convertible currency

Exchange of currencies

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

A. Currency exchange rate 99 102 26

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

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

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.

Financial contributions to accounts established under Article 18 shall be payable in freely convertible currencies and shall be exempt from foreign exchange restrictions.

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

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 provision for asset write off of non convertible currencies of 30,000 has been made to reflect the overvaluation of the former Czechoslovakian currency korunas against the United Nations rate of exchange.

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

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).

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

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

1. The information and outreach activities of the Department for Disarmament Affairs are supported by the Voluntary Trust Fund for the United Nations Disarmament Information Programme, against which, for the period from July 1996 through June 1998, 360,587 was charged in convertible currency and nil in non convertible currency.

1alt. Tropical timber means tropical wood for industrial uses, which grows or is produced in the countries situated between the Tropic of Cancer and the Tropic of Capricorn. The term covers logs, sawnwood, veneer sheets and plywood

Note 9. The cash and term deposits figures shown in statement II represent the total of all cash balances, including funds held in non convertible currencies.

Currencies, the use of which (mainly in respect of transferability and convertibility) is limited because of foreign exchange regulations or donor s wish.

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.

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.

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

Caribbean Trust Fund (statement VII.3) 27 099

(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.

In 2004, the amount written off plus the adjustment for overvaluation of cash held in nonconvertible currencies totalled 2.7 million.

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

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