Article 67 Use of the euro
United Kingdom
1.
Expenditure incurred in a currency other than the euro shall be converted into euro by the Managing Authority and by the beneficiary using the monthly accounting exchange rate of the Commission of one of the following:
(a)
the month during which the expenditure was incurred;
(b)
the month during which the expenditure was submitted for examination in accordance with Article 32(1);
(c)
the month during which the expenditure was reported to the lead beneficiary.
2.
The method chosen shall be set out in the programme and shall apply throughout the programme duration. Different methods may be applied to technical assistance and to projects.