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OST-99-5703

International Air Transport Association

OST-99-5703

May 18, 1999

Application for Approval of Agreements

PTC COMP 0453 dated 18 May 1999 Mail vote 996 - Resolution 024e Rules for Payment of Local Currency Fares (Amending) Intended effective 15 June 1999.

By:  David O'Connor

International Air Transport Association

Order 99-6-8 OST-99-5703

Issued June 8, 1999 Served June 10, 1999

Action on IATA Agreement

European Monetary Union

The agreement clarifies procedures to follow in processing euro related transactions when converting from the national currency of one European Monetary Union (EMU) country the national currency of another EMU country.

By:  Paul Gretch

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