Page:UN Treaty Series - vol 3.pdf/85
Translation — Traduction
No. 25. PAYMENTS AGREEMENT BETWEEN THE NETHERLANDS AND SWITZERLAND
In order to regulate commercial payments between the Netherlands and Switzerland
the Government of the Netherlands and
the Swiss Federal Government
agree to apply the following provisions:
Article 1
For the purposes of the present agreement "the Netherlands" shall be deemed to mean the Kingdom of the Netherlands
and "Switzerland" shall be deemed to mean the Swiss Confederation and the Principality of Liechtenstein.
Article 2
All exchange transactions resulting from the present agreement shall be effected at the rate of exchange of 162.29 Swiss francs to 100 Dutch gulden.
This rate is the "official" rate; it shall not be altered by either party without prior consultation with the other.
The Banque Nationale Suisse and the Nederlandsche Bank shall by mutual agreement fix the maximum fluctuations above or below this rate to be authorized on markets which they control.
Article 3
In order to ensure commercial payments from Switzerland to the Netherlands, the Banque Nationale Suisse shall use gulden sold to it by the Nederlandsche Bank against Swiss francs.
In order to ensure commercial payments from the Netherlands to Switzerland the Nederlandsche Bank may at its choice use
(a) Swiss francs sold to it against gulden by the Banque Nationale Suisse;
(b) Swiss francs available to it by virtue of the credits placed at the disposal of the Netherlands Government by Swiss lenders.