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External sources (not reviewed)

Although it is still more profitable to leave their investments in the savings account, the money remains in the fund at the institution and the company can continue to do the operations that give you more profits, but they are less suitable for anyone wishing to have a more independent money.

In addition, the Turkish Central Bank offered migrants a foreign currency deposit account with a credit letter and a Super Foreign Exchange Account at favourable interest rates, thus attracting formal remittances.

As a result of these actions, the reported balance on the SRA will more correctly represent the actual cash balance of the reserve.

[...] [...] with international prime banks accounts.

[...] [...] Service account for storage and/or transfer to third [...]

An essential requirement for the advertising of selling the houses is that it should be stated that the promoter will adjust his acting and hiring to the fulfilment of the requirements established on the Law 57/1968, from July 27th, mentioning expressly the body that guarantees the refund of such amounts in case of non fulfilment, as well as the banks in which the said amounts will be deposit in a special account.

Consequently, even excluding non-cash foreign exchange differences the reported balance of the SRA includes a non-cash element to the extent that assessments have not been collected.

As previously reported to the FC beginning with FC 123/2, a significant portion of the foreign exchange differences offset against the SRA do not impact upon the cash reserves of the Organization.

To the extent to which the split assessment arrangement functions as intended (i.e. Members are billed and pay the right levels of US Dollars and Euro to meet obligations in these currencies), the Euro-Dollar exchange risk is mitigated and there is therefore no requirement that the SRA address this risk.

[...] water conservation and storage.

[...] [...] from the Federal Reserve Bank of New York of continuation of the existing mechanism in place after 31 December 2010, and I note that the Government of Iraq will open a separate sub-account with the same bank, [...] [...]

Starting from opening, Savings Accounts are free of charge for clients having had at least one open position on the SWFX - Swiss FX Marketplace during the last 90 days.

This means that the SRA is being charged and credited with amounts which do not impact upon the cash reserves of the Organization and the reported balance on the SRA does not therefore provide useful information to readers of the financial statements.

[...] [...] to provide savings accounts to village [...]

The Organization’s accounting treatment for exchange gains and losses both prior to and after the implementation of the split assessment arrangement has been to calculate and transfer all foreign exchange related gains and losses to the SRA, consistent with the general direction provided by the related SRA Conference Resolutions.

[...] included savings accounts for each cash [...]

Subscribers can open savings accounts, earn [...]

Beginning with document FC 123/2 and continuing with subsequent Financial Highlights papers, the Secretariat pointed out to the Finance Committee that a significant part of the foreign exchange differences offset against the SRA are non-cash.

[...] to open savings accounts, when combined [...] [...]

[...] the proposal to restore the Special Reserve Account to its cash-backed value and to cease transferring foreign exchange differences arising on Euro transactions to the Special Reserve Account.

[...] [...] services, including savings accounts, credit, mortgages [...]

Table 1 below summarizes total reported foreign exchange differences (showing their estimated cash and accounting only components) which have been taken to the SRA since the inception of split assessments in 2004.

Since then however, there has been significant volatility in the EURUSD exchange rate resulting in the recognition of sizable foreign exchange differences when translating Euro amounts into Dollars, which are offset against the SRA.

[...] [...] purposes of a Trust Fund, Reserve or Special Account, prepare [...] [...]