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ID-77-38 1 (1977-08-30)

handle is hein.gao/gaobaacqs0001 and id is 1 raw text is: DOCUMENT RESUME 03511 - [ARL4936181 Improvements in Charges and Settlements of International Mail Accounts. ID-77-38; E-165828. August 30, 1977. 23 pp. + 5 appendices (13 pp.). Report to the Congri. ; by Elmer E. Staats, Comptroller General. Contact: International Div. Budget Function: International Affairs: International Financial Programs (155); Ccmmerce and Transportation: Postal Service (402). Crganizaticr Concerned: Department of the Treasury; Department of State; Postal Service. Congressional Relevance: House Committee on Post Office and Civil Service; Ccngress. The Universal Postal Union--composed of the United states and 156 other countries--makes the rules for exchanging mail between ccuntries and sets charges for services performed. In 1S76 the United States charged other countries $47 million for internaticnal mail services and was charged $59 million. U.S. agencies are actively pursuing collection of balances due the United States and U.S. flag carriers. Findings/Conclusions: Monetary gains or losses are incurred in settllt.9 international postal accounts because there are differences netween the market exchange rates of the countries' currencies and their exchange rates set unde* the monetary standard used 1.o settle accounts. Continued use of the gold franc as the mone,:ary standard of the Universal Postal Union is unrealistic. Coor.ination between the Postal Service and the Department of State in collecting delirquent debts owed the United States and U.S. air carriers for international mail services has improve? in recent years. ReccmmendationF-: The present monetary standird, the gold franc, should be replaced by a more realistic staT.dard for setting charges and settling international mail accounts. More equitable procedures should be established to deter Aine and monitor charges for handling and distributing int.ernational mail. (Author/SC)

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