Rule 23-104-6.8 - Payments in Foreign CurrencyA. Occasionally, an individual receives income tendered in a monetary unit other than US dollars, usually in the form of a check or a direct deposit to a bank.B. The US dollar value of a payment made in foreign currency, less expenses, is income. 1. Foreign currency payments are counted as income when received unless the individual can establish that the payment was received too late in the month for conversion prior to the following month.23 Miss. Code. R. 104-6.8
Social Security Act §1902 (r)(2); 42 CFR §435.601(b) (Rev 1994).