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

Schedule 7. General Service salaries changes in local currency terms

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.

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.

Set the cell formatting to look like your local currency

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.

Seventeen donor countries and EU increased their contributions in 2003.7 Of the countries that registered increases in funding levels, three countries had actually decreased their contributions in terms of their local currency, but showed an increase in terms of the United States dollar.

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.

Ten members of the Development Assistance Committee (DAC) of the Organization for Economic Cooperation and Development (OECD) increased their core contributions in local currency terms to UNDP regular resources three did so by more than 10 per cent.

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.

It is encouraging that 10 OECD DAC members increased their contribution to regular resources in 2004 in local currency terms, many for the fourth consecutive year, or resumed their contributions. Three donors increased by 10 per cent or more.

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

Third, portfolio managers respond to a rise in interest rates by shifting out of commodity contracts (which are now an asset class ) and into treasury bills. Finally, high interest rates strengthen the domestic currency, thereby reducing the price of internationally traded commodities in domestic terms (even if the price has not fallen in foreign currency terms).

The move to Gaza had proved beneficial in terms of cooperation between UNRWA and all local authorities.

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.

Several other donors increased contributions to UNFPA between 1996 and 1997 in both their own currency and dollar terms Ireland, New Zealand, Luxembourg and Portugal.

As the United States dollar strengthened against nearly all major currencies, the overall currency effect on the Fund was negative in United States dollar terms.

In political terms, China, India, and Russia are vying with each other for power in Asia. And, in economic terms, Brazil, India, and South Africa are concerned about the effects of China s undervalued currency on their economies.

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.

Programme countries continued to participate in UNDP activities, mainly in terms of regular resources and local resources contributions.

Each situation individually also presents its own specific needs, such as in terms of local language capacity requirements.

At the same time, the effect of currency appreciation on the trade balance should not be exaggerated. The RMB appreciated by 18.6 in real effective terms, and by 16 in dollar terms, from June 2005 to August 2008.