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B-222267 1 (1986-10-10)

handle is hein.gao/gaobadmnc0001 and id is 1 raw text is: 0The Comptroller General of the United States Washington, D.C. 20548 Decision Matterof- Sergeant First Class Lindsay C. Harrington, USA File: B-222267 Date: October 10, 1986 DIGEST Military member may not be reimbursed for a loss of $81.01 he sustained in reconverting Honduran lempiras back to U.S. dollars at an exchange rate less favorable than the rate in effect on the date he converted dollars to lempiras. As a general rule, with limited exceptions not relevant here, the risk of incurring an exchange loss upon converting currency advanced for the purpose of temporary duty in a foreign country l.es with the member.. See 63 Comp. Gen.*554 (1984). DECISION The question for resolution is whether Sergeant First Class Lindsay C. Harrington, USA, may be reimbursed $81.01 for exchange losses he incurred when he reconverted Honduran currency into United States currency.i/ Under the facts of this case, Sergeant Harrington must bear the loss. BACKGROUND In June 1985, prior to reporting for temporary duty in Honduras, Sergeant Harrington received a cash advance of $805, which included $405 for rental of an automobile. During an authorized stopover in Miami, Florida, he con- verted $937 (the $805 travel advance plus $132 of his own funds) into Honduran currency at an exchange rate of .4025. Sergeant Harrington was unable to rent an automobile while he was in Honduras and was obligated, upon completion of the temporary duty assignment, to refund the $405 amount which had been advanced for that purpose. At the conversion rate of .4025 in effect on the date he exchanged U.S. dollars for Honduran lempiras he received 1,006.21 lempiras for 405 dollars. At the end of the temporary duty assignment, 1/ The question was submitted by Major P. L. Capestany, Finance and Accounting Officer, Department of the Army, Fort Eustis, Virginia, and forwarded to us under Control No. 86-7 by the Per Diem, Travel and Transportation Allowance Committee. 0-b7 /3ovJ%31 r-)- 7 r) LIJ -

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