FCC 3.46 Revised as of October 1, 2005
Goto Year:2004 |
2006
Sec. 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.
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