RESOLUTION (57) 22 (21 November 1957) - (Adopted by the Ministers' Deputies)
Exchange guarantee for non-French staff
The Committee of Ministers,
Having regard to Article 18 (d) of the General Agreement on Privileges and
Immunities of the Council of Europe;
Having regard to the Report of the Budget Committee dated 9th October
1957;
Considering that the monetary decisions of the French Government dated
10th August 1957involve an important change in the conditions under which non-
French staff can transfer a part of their emoluments to their home country;
Considering that it would be proper to apply to the benefit of such staff the
principle of an exchange guarantee contained in former budgets and to lay down
the method of application by a provisional regulation, as recommended by the
Budget Committee in its above-mentioned report,
Resolves:
Article 1:
(a) Permanent staff of nationality other than French shall be authorised to
transfer 50 % of their gross total emoluments into the currency of the country of
which they are nationals.
(b) Where there is good reason, the transfer may be made in the currency of
the country in which the member of the staff had his habitual residence at the
time of taking up his duties.
(c) Exceptionally, and where there is good reason, the Secretary-General may
authorise transfers of more than 50 % of emoluments.
Article 2:
All sums due to a member of the staff or his heirs on cessation of his duties
as also his last monthly emoluments shall be transferable in toto.
Article 3:
(a) Transfers under Articles 1 and 2 above shall be made through the Secretariat-
General.
(b) Bequests for transfers under Article 1 shall be submitted before the end of
the month in respect of which the corresponding emoluments are payable.
(c) After that time, the right of transfer shall lapse.
Article 4:
(a) Transfers under Articles 1 and 2 above shall be made at the rates of
exchange prevailing on the date of transfer.
(b) Nevertheless, transfers up to one-third of the total emoluments mentioned
in Article 1 above shall be made at the rates of exchange prevailing in France on
9th August 1957, as given in the Appendix to this Resolution.
The difference between the actual rates and the rates of 9th August 1957 shall
be borne by the Budget of the Council.
(c) Bank charges resulting from the transfers referred to above shall be paid by
the members of the staff concerned.
Article 5:
Any abuse of the facilities conferred by the above provisions will involve
disciplinary action, apart from any proceedings which may be initiated on the basis
of current exchange law or regulations.
Article 6:
The present regulation shall come into force as a provisional measure on
1st January 1958.
APPENDIX
Rates of exchange prevailing in France on 9 August 1957
Pound sterling 982
Deutsche mark 83,96
Belgian franc 7.02
Italia lira 0.56
Dutch florin 92.13
Austrian schilling 13.56
Danish krone 50.74
Norwegian krone 49.16
Swedish krone 67.94
Turkish lira - [1]
Drachma - 1
Icelandic krone - 1
[1] These currencies are not quoted on the Paris market. The rates to be applied will be determined later.