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10. Where a payment of income prescribed by regulation 7(1), or a payment prescribed by regulation 8(1), is made in a currency other than sterling, its value in sterling, for the purposes of Article 28 of the Order and this Part, shall be determined, after conversion by the Bank of England, or by any institution which is authorised under the Banking Act 1987(1), as the net sterling sum into which it is converted, after any banking charge or commission on the transaction has been deducted.
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