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Receiver General for Canada
 
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2000 Public
  Accounts of
  Canada

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Payment on
  Due Date

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Bank and
  Exchange Rates

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Bank Rates

The Bank Rate is published by the Bank of Canada and is the basis on which the financial institutions determine their respective prime rate. The Bank Rate is also used as the basis to calculate the Payment On Due Date (PODD) Interest Rate.

The current bank rate as set on May 17, 2000 is 6.0 %.

Exchange Rates:

The Receiver General uses five standard rates of exchange for accounting purposes to record payments as well as revenues. These rates are for: U.S. Dollar, Pound Sterling, German Mark, French Franc and Belgian Franc.

The Receiver General uses five standard rates of exchange for accounting purposes to record payments as well as revenues. These rates are for: U.S. Dollar, Pound Sterling, German Mark, French Franc and Belgian Franc.

The following are the standard rates of exchange for month of January 2001 (these rates are set monthly and are subject to change):

Standard Rates of Exchange for the month of January 2001
US Dollar Pound Sterling German Mark French Franc Belgian Franc
1.52 2.24 .7080 .2111 .03432
Except for individual payments in excess of:
250,000 150,000 450,000 1,500,000 9,000,000

on which the responsible site of Public Works and Government Services Canada in your area will apply daily rates.

Historical Exchange Rates for Year 2000

 


Reviewed: 2001 01 04 1 8ии O-Canada
Maintained by the
Government Operational Service (GOS)
Important Notices