§  3.47   Use of SDRs.

   An accounting authority must accept accounts presented to it from
   foreign administrations in Special Drawing Rights (SDRs). These SDRs
   must be converted to dollars on the date of receipt by the accounting
   authority and an equivalent amount in US dollars must be paid to the
   foreign administration. The conversion rate will be the applicable rate
   published by the International Monetary Fund (IMF) for the date of
   receipt of the account from the foreign administration. Upon written
   concurrence by the FCC, any accounting authority may make separate
   agreements, in writing, with foreign administrations or their agents
   for alternative settlement methods, provided account is taken of ITU-T
   Recommendation D.195.

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