Has your institution ever accepted a grant agreement from a foreign
country in which  the compensation amount was expressed in a foreign
currency instead of US Dollars? If so, do you have any suggestions about
how we should deal with the risk of
currency exchange rate changes over the course of the contract period
(four years).

We are negotiating a four year subcontract with a research foundation in

a European country that is funded by the European Union, and we are very
concerned
that if the Euro is significantly devalued over the four year period, we
could suffer a loss on the cost reimbursement agreement.  The European
country would be paying us, and the foundation's contract negotiator
said that the subcontract has to be in Euros.

Laurie

--

Laurie P. Chamness                   Phone:  (843) 953-4973
Assistant Director                   Fax:  (843) 953-6577
Research & Grants Admin              E-mail:  xxxxxx@cofc.edu
College of Charleston
66 George Street
Charleston, SC  29424

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