What is the split currency system all about?

Since 2005 the CTBTO’s budget has been administered through a split currency system. This was introduced as a measure to deal with the adverse effects of currency fluctuations. Therefore, State Signatories’ assessed contributions are now split between US dollars and Euros in accordance with the projected expenses of the Commission in each of these currencies. The total budget of the CTBTO is the combination of the two amounts.

View all FAQs