Rule 56 Debt in foreign currencyI1

For the purpose of proving any debt incurred or payable in a currency other than sterling, the amount of those debts shall be converted into sterling at a single rate for that currency determined by the postal administrator with reference to the exchange rates prevailing on the relevant date.

If the postal administrator receives any objections from the creditors to that rate the postal administrator must apply to the court to determine the rate.

In this Rule, and Rule 58, “the relevant date” means the date on which the company entered postal administration.