Section 193Part 8 — Co-operation
Currency conversion
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Where the value of property recovered as described in section 192 (1) is expressed in a currency other than that of the Islands, the extent to which the amount payable under the confiscation order is to be reduced under that paragraph shall be calculated on the basis of the exchange rate prevailing on the date on which the property was recovered in the foreign country concerned.
Where an amount of money payable or remaining to be paid under an external confiscation order registered in the Grand Court under Part 8 is expressed in a currency other than that of the Islands, for the purpose of any action taken in relation to that order under this Act as applied by this Act the amount shall be converted into the currency of the Islands on the basis of the exchange rate prevailing on the date of the registration of the order.
For the purposes of this section, a written certificate purporting to be signed by any person acting in that person’s capacity as an officer of any bank holding a current valid class “A” licence , within the meaning of the Banks and Trust Companies Act (2025 Revision) , and stating the exchange rate prevailing on a specified date shall be admissible as evidence of the facts so stated.