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regulations involving foreign governments, the U.S.
Government, and the Department of Defense. The
same mandatory strict accountability and security you
are required to use for U.S. currency applies also to the
procurement, handling, and disposal of foreign
currency. One of the big differences in accounting for
foreign currencies is that the value of a foreign currency
may fluctuate, requiring disbursing personnel to make
a revaluation of the currency on hand and maintain the
supporting documents to account for the resulting gain
or loss.
Disbursing personnel must follow specific
guidelines for the procurement and disposition of
foreign currency to make certain the most beneficial
rates of exchange are always obtained. The information
in this chapter was intended to provide you with a
general overview of some of these duties and
responsibilities.
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