Common use of Transfers of Currency Clause in Contracts

Transfers of Currency. Each Contracting Party shall, in respect of investments, guarantee to investors of the other Contracting Party, subject to the exceptions stated in an annex which is an integral part of this Agreement, the unrestricted transfer of their investments, returns and proceeds from the total or partial sale or liquidation of an investment. Transfers shall be effected without delay in the convertible currency in which the capital was originally invested or in any other convertible currency agreed by the investor and the Contracting Party concerned. Unless otherwise agreed by the investor, transfers shall be made at the rate of exchange applicable on the date of transfer pursuant to the exchange regulations in force.