# Commission Regulation (EC) No 391/2007 of 11 April 2007 laying down detailed rules for the implementation of Council Regulation (EC) No 861/2006 as regards the expenditure incurred by Member States in implementing the monitoring and control systems applicable to the Common Fisheries Policy, Article 12: Currency

Extent: E+W+S+N.I.

1. Fisheries control programmes, claims for reimbursement of expenditure and claims for payment of advances shall be expressed in euro.
2. Reimbursement shall be made in euro on the basis of the exchange rate published in the C series of the Official Journal of the European Union of the month on which the invoice is registered in the accounting system of the authorising department of the Commission.
3. Member States not participating in the third stage of Economic and Monetary Union shall specify the exchange rate used.

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Source: https://www.legislation.gov.uk/eur/2007/391/article/12 (the official version)
Page: https://openlegislation.uk/eu-regulation-2007-391/article-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.