GTL Summary:

Standardizes the conversion of Euro-denominated regulatory amounts using December's average exchange rate of the preceding year.

Document Type: ERS - Executive Regulations
Law: DMTT Law (Decree Law No. 11 of 2024)
Decision Number: executive-regulations-172-article-73
Year: 2024
Country: 🇧🇭 Bahrain
Official Name: Article 73 - Amounts Expressed in Euro
Last updated at: 2026-02-23 12:13:40 UTC

Chapter 8 - Administrative Procedures

Article 73 - Amounts Expressed in Euro

For the purpose of converting the amounts expressed in Euro in the Law and these Regulations, amounts which are in a currency other than Euro shall be converted into Euro using the average monthly foreign exchange rate for December in the calendar year immediately preceding the Fiscal Year in respect of which the conversion is required, calculated on the basis of the current average exchange rates for each day of December as described in Paragraph D of Article 72 of these Regulations.

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