2003/553/EC: Commission Decision of 23 July 2003 on the… Article 5
Article 5
1. The euro exchange rate used to calculate the amounts eligible under this Decision shall be the rate in force in May 2002.
2. The expenditure declarations and applications for advances in national currency received from the Member States not participating in the third stage of economic and monetary union shall be converted into euro at the rate in force for the month in which those declarations and applications reach the Commission.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04
CitationArticle 5 of 2003/553/EC: Commission Decision of 23 July 2003 on the… (LawPlayer, data as of 2026-07-04)
