SCHEDULE E+W+S CONVENTION ON SOCIAL SECURITY BETWEEN THE GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND AND THE GOVERNMENT OF BARBADOS

PART V E+W+S MISCELLANEOUS PROVISIONS

ARTICLE 32 E+W+S

CURRENCY AND METHOD OF PAYMENT

(1) Where the competent authority of the United Kingdom makes a payment of any benefit in accordance with the provisions of this Convention, any such payment shall be made in the currency of the United Kingdom and shall constitute a full discharge of the obligation in respect of which the payment has been made.

(2) Where the competent authority of Barbados makes a payment of any benefit in accordance with the provisions of this Convention any such payment shall be made in the following currency—

(a) in respect of a beneficiary resident in Barbados, in the currency of Barbados;

(b) in respect of a beneficiary resident in the United Kingdom, in the currency of the United Kingdom;

(c) in respect of a beneficiary resident in a third State, in a currency freely convertible in that State,

and shall constitute a full discharge of the obligation in respect of which the payment has been made.

(3) In the application of paragraphs (2)(b) and (c), the conversion rate shall be the rate of exchange in effect on the day when the payment is made.

(4) Where a person in the territory of one Party, is receiving benefit under the legislation of the other Party, it shall be payable by whatever method the competent authority of the latter Party deems appropriate.