Goto Section: 3.45 | 3.47 | Table of Contents
Revised as of September 1, 2021
Goto Year:2020 |
§ 3.46 Use of gold francs.
An accounting authority must accept accounts presented to it from
foreign administrations in gold francs. These gold francs must be
converted on the date of receipt of the bill to the applicable Special
Drawing Right (SDR) rate (as published by the International Monetary
Fund) on that date utilizing the linking coefficient of 3.061 gold
francs = 1 SDR. An equivalent amount in U.S. dollars must be paid to
the foreign administration. Upon written concurrence by the FCC, an
accounting authority may make separate agreements, in writing, with
foreign administrations or their agents for alternative settlement
methods, in accordance with ITU-T Recommendation D.195.
Goto Section: 3.45 | 3.47
Goto Year: 2020 |
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