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New version applies from 12/01/2016. 101 provisions change. Later versions: 08/04/2024, 17/01/2025. Article 59 changes in this version: compare with the current text.

Article 59 - Currency and currency conversion

Article 59
Currency and currency conversion

1.Payments shall be made in the currency agreed between the parties.

2.Where a currency conversion service is offered prior to the initiation of the payment transaction and where that currency conversion service is offered at an ATM, at the point of sale or by the payee, the party offering the currency conversion service to the payer shall disclose to the payer all charges as well as the exchange rate to be used for converting the payment transaction.

The payer shall agree to the currency conversion service on that basis.

Official text · consolidated version 23/12/2015 (no longer in force) Open full page ↗
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