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Figure 5-4.—Certificate of Revaluation upon receipt of additional funds.
DISPOSITION OF FOREIGN
CURRENCY
ADO can use a variety of ways to dispose of foreign
currency. As previously mentioned, the DO can use the
foreign currency to make payments. Or, the DO can sell
the foreign currency to authorized personnel
(accommodation sales), to other DOs, or through
commercial channels. The DO can also deposit foreign
currency to the credit of the U.S. Treasury. In the
following paragraphs, we’ll look at each of these
options.
ACCOMMODATION EXCHANGES
An accommodation exchange service is the selling
and repurchasing of foreign currency for U.S. dollars
for the convenience of authorized personnel. In
countries served by an MBF, all accommodation
exchanges are normally made by the MBF or other
authorized on-base facilities. In fact, a DO is prohibited
from repurchasing foreign currency from individuals
when an MBF is available for this purpose, If there is
no MBF or if other authorized facilities cannot
adequate] y provide the service, the activity’s CO or the
area commander may authorize the DO to perform
accommodation exchanges.
Eligibility
Personnel who are eligible for accommodation
exchange services by a DO are those who are authorized
to cash negotiable instruments.
Documentation
DOs who are authorized to make accommodation
sales of foreign currency are required to maintain the
DD Form 2664, Currency Exchange Record. A sample
DD 2664 is shown in figure 5-5. A DO is required to
maintain this form on a daily basis. The daily use of the
DD 2664 ensures that the authorities and limitations
placed on the DO are followed.
Regulations
DOs who are authorized to make accommodation
repurchases must follow strict guidelines. Some of
these guidelines are general, but there are also specific
rules governing a variety of situations. We will describe
the general guidelines first.
GENERAL.— In general, DOs must use the
following guidelines for making accommodation
repurchases and must make certain the following
conditions remain enforced:
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