<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>377422</law_id><section_number>8.01-465.25</section_number><catch_line>Effect of substitution of currency by issuing authority</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="12" identifier="8.01">Civil Remedies and Procedure</unit><unit label="chapter" level="2" order_by="37" identifier="17.3">Uniform Foreign-Money Claims Act</unit></structure><text>
						<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></text><history>1991, c. 24.</history><metadata></metadata></law>
