Examples of Foreign Currency Dedicated Account in a sentence
Upon each deposit of an amount of the Financing into the Foreign Currency Dedicated Account, the Recipient shall ensure that an equivalent amount in Tongan Pa’anga is accounted for in the Recipient’s budget management system, in a manner acceptable to the Association.
Upon each deposit of an amount of the Financing into the Foreign Currency Dedicated Account, the Recipient shall deposit an equivalent amount into the Local Currency Dedicated Account.
The Recipient, within thirty (30) days after the withdrawal of the Financing from the Financing Account, shall report to the Association: (a) the exact sum received into the Foreign Currency Dedicated Account; (b) the details of the account to which the Tongan Pa’anga equivalent of the Financing proceeds will be credited; and (c) the record that an equivalent amount has been accounted for in the Recipient’s budget management systems.
Upon each deposit of an amount of the Loan into the Foreign Currency Dedicated Account, the Borrower shall deposit an equivalent amount into the Treasury Single Account System.
Once the DPO grant is approved by the Board and becomes effective, the proceeds of the grant will be deposited by IDA in one tranche, at the request of the Recipient, into a Foreign Currency Dedicated Account at the NRBT, which will form part of Tonga’s foreign exchange reserves.
While it is not possible to track the ultimate use of the foreign exchange provided by the development policy operation proceeds, grant proceeds will flow from the Foreign Currency Dedicated Account at the NRBT into a local currency bank account of the government used to finance budgeted government expenditures.
A., the Canadian Presbyterian Mission had a tendency to be liberal.
At the request of the Recipient, and with the IDA being satisfied that the GoT has declared an eligible state of emergency, the proceeds of the Cat-DDO will be deposited by IDA into the Foreign Currency Dedicated Account.
As with the parent operation, the Bank will retain the right to request the GoT to arrange special audits of the Foreign Currency Dedicated Account established in the NRBT.
It is not possible to track the ultimate use of the foreign exchange provided by the development policy operation proceeds, but grant proceeds will flow from the Foreign Currency Dedicated Account at the NRBT into a local currency bank account of the government used to finance budgeted government expenditures.