Can payments be made in national currencies?
45. This entire proposal is about protecting the Programme of Work to the extent possible from the effects of the fluctuating exchange rates. If it is successful in this regard, all Members will benefit from the introduction of split assessment due to the stability it will bring back to the Organization’s work. 46. Furthermore, most Members will experience reduced currency exchange variations due to the diversification of risk among two currencies. Finally, although a small group of Members, whose currency is the US dollar or is a currency linked to the US dollar, will face exchange rate variations for the first time since the introduction of the ZNG strategy, even they will face both gains and losses over time and hence this proposal does not result in a “winners and losers” scenario among the Membership.
