F1Assigned currencies

In order to ensure that the IB has the resources it needs in each currency, every IB World School has a nominated payment currency (usually US dollars, pounds sterling or Swiss francs) that is assigned when the school is authorized. All fees are invoiced and must be paid in the nominated currency. This reduces the financial risk and currency exchange costs for both schools and the IB.

Unless the billing office has authorized a change in the assigned currency, an administrative charge will be levied on payments that do not conform to the assigned currency. The IB reserves the right to apply penalties and interest for late payments.