                                 CODE OF VIRGINIA

JUDGMENTS AND AWARDS ON FOREIGN-MONEY CLAIMS; TIMES OF MONEY CONVERSION; FORM OF
JUDGMENT (§ 8.01-465.20)

A. A judgment or award on a foreign-money claim must be stated in an amount of
the money of the claim. However, assessed costs must be entered in United States
dollars. A judgment in substantially the following form complies with this
subsection: [IT IS ADJUDGED AND ORDERED, that Defendant (insert name) pay to
Plaintiff (insert name) the sum of (insert amount in the foreign money) plus
interest on that sum at the rate of (insert rate -- see &#xA7; 8.01-465.22)
percent a year or, at the option of the judgment debtor, the number of United
States dollars which will purchase the (insert name of foreign money) with
interest due, at a bank-offered spot rate at or near the close of business on
the banking day next before the day of payment, together with assessed costs of
(insert amount) United States dollars.]

B. A judgment or award on a foreign-money claim is payable in that foreign money
or, at the option of the debtor, in the amount of United States dollars which
will purchase that foreign money on the conversion date at a bank-offered spot
rate.
			Each payment in United States dollars must be accepted and credited on a
judgment or award on a foreign-money claim in the amount of the foreign money
that could be purchased by the dollars at a bank-offered spot rate of exchange
at or near the close of business on the conversion date for that payment.

C. A judgment or award made in an action or distribution proceeding on both a
defense, setoff, recoupment, or counterclaim and the adverse party&#8217;s
claim, must be netted by converting the money of the smaller into the money of
the larger, and by subtracting the smaller from the larger, and shall specify
the rates of exchange used.

D. If a contract claim is of the type covered by &#xA7; 8.01-465.18 A or B, the
judgment or award must be entered for the amount of money stated to measure the
obligation to be paid in the money specified for payment or, at the option of
the debtor, the number of United States dollars which will purchase the computed
amount of the money of payment on the conversion date at a bank-offered spot
rate.

E. A judgment shall be docketed and indexed in foreign money in the same manner,
and has the same effect as a lien, as other judgments. It may be discharged by
payment.

HISTORY: 1991, c. 24.