Common use of Currency used for reporting Clause in Contracts

Currency used for reporting. The financial part of the reports must be drawn up in EURO. Any conversion into Euro of costs incurred in other currencies will be made by PP at the exchange rate of the commercial bank at the date of the foreign exchange transaction.

Currency used for reporting. The financial part of the reports must shall be drawn up compiled in EUROEuro. Any conversion into Euro of costs incurred in other currencies will be made by the PP at the exchange rate of the commercial bank at established by its bank, on the date of the foreign exchange transactionexchange.