{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/8.01-465.25.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/8.01-465.25.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/8.01-465.25.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/8.01-465.25.html"}],"law_id":377422,"edition_id":2,"section_id":377422,"structure_id":53645,"section_number":"8.01-465.25","catch_line":"Effect of substitution of currency by issuing authority","history":"1991, c. 24.","full_text":"If, after an obligation is expressed or a loss is incurred in a foreign money, the country issuing or adopting that money substitutes a new money in place of that money, the obligation or the loss is treated as if expressed or incurred in the new money at the rate of conversion the issuing country establishes for the payment of like obligations or losses denominated in the former money. If such substitution occurs after a judgment or award is entered on a foreign-money claim, the court or arbitrator shall amend the judgment or award by a like conversion of the former money.\n\n","order_by":null,"text":{"0":{"id":1408388,"text":"If, after an obligation is expressed or a loss is incurred in a foreign money, the country issuing or adopting that money substitutes a new money in place of that money, the obligation or the loss is treated as if expressed or incurred in the new money at the rate of conversion the issuing country establishes for the payment of like obligations or losses denominated in the former money. If such substitution occurs after a judgment or award is entered on a foreign-money claim, the court or arbitrator shall amend the judgment or award by a like conversion of the former money.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53645,"edition_id":2,"name":"Uniform Foreign-Money Claims Act","identifier":"17.3","label":"chapter","depth":2,"order_by":37,"parent_id":53558,"metadata":{"child_laws":12,"child_structures":0},"date_created":"2026-08-02 03:19:54","date_modified":"2026-08-02 12:28:22","permalink":{"id":1505015,"object_type":"structure","relational_id":53645,"identifier":"17.3","token":"8.01\/17.3","url":"\/8.01\/17.3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53558,"edition_id":2,"name":"Civil Remedies and Procedure","identifier":"8.01","label":"title","depth":1,"order_by":12,"parent_id":null,"metadata":{"child_laws":1095,"child_structures":142},"date_created":"2026-08-02 03:18:32","date_modified":"2026-08-02 12:28:09","permalink":{"id":1504031,"object_type":"structure","relational_id":53558,"identifier":"8.01","token":"8.01","url":"\/8.01\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":377410,"structure_id":53645,"section_number":"8.01-465.14","catch_line":"Definitions","url":"\/8.01-465.14\/","token":"8.01\/17.3\/8.01-465.14","metadata":false},{"id":377411,"structure_id":53645,"section_number":"8.01-465.15","catch_line":"Scope","url":"\/8.01-465.15\/","token":"8.01\/17.3\/8.01-465.15","metadata":false},{"id":377412,"structure_id":53645,"section_number":"8.01-465.16","catch_line":"Variation by agreement","url":"\/8.01-465.16\/","token":"8.01\/17.3\/8.01-465.16","metadata":false},{"id":377413,"structure_id":53645,"section_number":"8.01-465.17","catch_line":"Determining money of the claim","url":"\/8.01-465.17\/","token":"8.01\/17.3\/8.01-465.17","metadata":false},{"id":377414,"structure_id":53645,"section_number":"8.01-465.18","catch_line":"Determining amount of the money of certain contract claims","url":"\/8.01-465.18\/","token":"8.01\/17.3\/8.01-465.18","metadata":false},{"id":377415,"structure_id":53645,"section_number":"8.01-465.19","catch_line":"Asserting and defending foreign-money claim","url":"\/8.01-465.19\/","token":"8.01\/17.3\/8.01-465.19","metadata":false},{"id":377417,"structure_id":53645,"section_number":"8.01-465.20","catch_line":"Judgments and awards on foreign-money claims; times of money conversion; form of judgment","url":"\/8.01-465.20\/","token":"8.01\/17.3\/8.01-465.20","metadata":false},{"id":377418,"structure_id":53645,"section_number":"8.01-465.21","catch_line":"Conversions of foreign money in distribution proceeding","url":"\/8.01-465.21\/","token":"8.01\/17.3\/8.01-465.21","metadata":false},{"id":377419,"structure_id":53645,"section_number":"8.01-465.22","catch_line":"Prejudgment and judgment interest","url":"\/8.01-465.22\/","token":"8.01\/17.3\/8.01-465.22","metadata":false},{"id":377420,"structure_id":53645,"section_number":"8.01-465.23","catch_line":"Enforcement of foreign judgments","url":"\/8.01-465.23\/","token":"8.01\/17.3\/8.01-465.23","metadata":false},{"id":377421,"structure_id":53645,"section_number":"8.01-465.24","catch_line":"Determining United States dollar value of foreign-money claims for limited purposes","url":"\/8.01-465.24\/","token":"8.01\/17.3\/8.01-465.24","metadata":false},{"id":377422,"structure_id":53645,"section_number":"8.01-465.25","catch_line":"Effect of substitution of currency by issuing authority","url":"\/8.01-465.25\/","token":"8.01\/17.3\/8.01-465.25","metadata":false}],"previous_section":{"id":377421,"structure_id":53645,"section_number":"8.01-465.24","catch_line":"Determining United States dollar value of foreign-money claims for limited purposes","url":"\/8.01-465.24\/","token":"8.01\/17.3\/8.01-465.24","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.01-465.25\/","history_text":"<p>This law was first created in 1991. The record of its establishment is cataloged in chapter 24 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1991 \u201cActs\u201d aren\u2019t available online.<\/p>","references":false,"refers_to":false,"permalink":{"id":1505061,"object_type":"law","relational_id":377422,"identifier":"8.01-465.25","token":"8.01\/17.3\/8.01-465.25","url":"\/8.01-465.25\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/8.01-465.25\/","token":"8.01\/17.3\/8.01-465.25","dublin_core":{"Title":"Effect of substitution of currency by issuing authority","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.01-465.25","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>If, after an obligation is expressed or a loss is incurred in a <span class=\"dictionary\">foreign money<\/span>, the country issuing or adopting that money substitutes a new money in place of that money, the obligation or the loss is treated as if expressed or incurred in the new money at the rate of conversion the issuing country establishes for the payment of like obligations or losses denominated in the former money. If such substitution occurs after a <span class=\"dictionary\">judgment<\/span> or award is entered on a <span class=\"dictionary\">foreign-money claim<\/span>, the <span class=\"dictionary\">court<\/span> or arbitrator shall <span class=\"dictionary\">amend<\/span> the <span class=\"dictionary\">judgment<\/span> or award by a like conversion of the former money.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nEFFECT OF SUBSTITUTION OF CURRENCY BY ISSUING AUTHORITY (\u00a7 8.01-465.25)\n\nIf, after an obligation is expressed or a loss is incurred in a foreign money,\nthe country issuing or adopting that money substitutes a new money in place of\nthat money, the obligation or the loss is treated as if expressed or incurred in\nthe new money at the rate of conversion the issuing country establishes for the\npayment of like obligations or losses denominated in the former money. If such\nsubstitution occurs after a judgment or award is entered on a foreign-money\nclaim, the court or arbitrator shall amend the judgment or award by a like\nconversion of the former money.\n\nHISTORY: 1991, c. 24.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}