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8705 Qualification System for CIÉ Foreign Exchange Services

Buyer: Iarnród Eireann-Irish Rail

Published
17 October 2024
Lots
1
Documents
1
Notice number
00630336-2024
Reference
a23f91cc-3441-4e85-b37d-2608fabb27aa
Official source
Official source

CPV codes

Description

The CIÉ Group has a requirement to purchase and sell US dollars (USD), to purchase Pounds Sterling (GBP) and to sell Canadian Dollar (CAD) and uses foreign exchange contracts to fix our cost position. CIÉ buys USD to pay for fuel in the CIÉ Group. The amount required will depend on the forecasted fuel usage. CIÉ Tours International is a wholly owned subsidiary of CIÉ and is the largest inbound tour operator in Ireland. CIÉ Tours generate revenue in USD, CAD and these currencies are sold against EUR. CIÉ Tours also pay GBP to UK based suppliers for clients travelling in the UK. The CIÉ Group may also have a requirement to buy at spot rate to meet the needs of its activities.

Official publications

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Data collected from official public procurement sources. Amounts as published by the buyer.