Currency of Payments. Payments shall be made in the currency(ies) specified in the Contract. Where currency conversion is necessary, in particular for reimbursable costs arising in one currency but reimbursable in another currency, the following rates shall apply (unless otherwise specified in the Contract): a) for a conversion into Euro, the rate published on the Infor-Euro on the first working day of the month in which the payment is made; b) for a conversion into a national currency, the rate published by the central bank of the beneficiary country on the first working day of the month in which the payment is made.
Appears in 6 contracts
Samples: Works Contract, Works Contract, General Terms and Conditions
