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

In January 2002, the Government announced the end of the currency convertibility regime.

(Local currencies)

Convertible

Convertible currencies

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

MODIFICATIONS TO KUWAIT'S SHORELINE PRESERVE

(h) Translation of currencies

Non convertible

Non convertible currency

(k) Translation of currencies

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.

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.

Exchange of currencies

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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The equivalent in United States dollars of other currencies is established on the basis of the United Nations operational rates of exchange.

A. Currency exchange rate 99 102 26

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

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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.

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.

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

a. Comprising reserve fund of 600,000 carried over from the 1996 1997 biennium, NCC equivalent of 93,000 and unpaid pledges of 142,000.

Non convertible currencies held at 31 December 2004

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

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

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

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

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

Military expenditure in local currency billion won

The Claimant asserts that, in the aftermath of the invasion, Jordanian banks would not exchange its citizens Kuwaiti currency for Jordanian currency.

On the one hand, pegging local currencies to the dollar renders monetary policy completely ineffective, as in a fixed exchange rate regime.

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.

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

The bulk of the preserve should consist of intertidal supratidal habitats similar to those most affected by invasion related oil contamination.

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

And also starting to play around with the idea of alternative currencies.

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

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

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