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Term: Accounting -> Relevant foreign currency
Term:

Relevant foreign currency

Definition:

The foreign currency in which the accounts are drawn up (or in which the UK branch accounts are drawn up if different from the local currency in which the accounts as a whole are drawn up) (S93(7)) It is therefore the currency by reference to which any foreign exchange differences are calculated in those accounts etc.

Related terms:

Registered Investment Adviser

Reimbursements
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