115 422. The State must discharge its pecuniary obligations by tendering dollars of the United States of America or an equivalent in the Venezuelan legal currency, at the New York, USA exchange rate between both currencies prevailing on the day prior to the day payment is made. 423. The payments may not be affected or subject to any current or future tax or charge. Consequently, such payments shall be fully delivered to the beneficiaries according to the terms established in this Judgment. 424. Should the State fall into arrears with its payments, Venezuelan banking default interest rates shall be paid on the amounts due. 425. In accordance with its consistent practice, the Court retains the authority deriving from its jurisdiction and the provisions of Article 65 of the American Convention, to monitor full compliance with this Judgment. The instant case will be closed once the State has complied in full with all the provisions herein. Within a term of one year as from the date notice the Judgment is served, the State shall submit to the Court a report on the measures adopted in order to comply with the Judgment. XII OPERATIVE PARAGRAPHS 426. Therefore: THE COURT, DECIDES: Unanimously, 1. To dismiss the first preliminary objection raised by the State, in accordance with paragraphs 25 to 27 of this Judgment. Unanimously, 2. To dismiss the second preliminary objection raised by the State, in accordance with paragraphs 31 to 34 of this Judgment. Unanimously, 3. To dismiss the third preliminary objection raised by the State, in accordance with paragraphs 36 to 37 of this Judgment. By six votes to one, 4. To dismiss the fourth preliminary objection raised by the State, in accordance with paragraphs 42 to 45 of this Judgment. Judge ad hoc Pasceri Scaramuzza dissenting. DECLARES: