                                 CODE OF VIRGINIA

INSTRUMENT PAYABLE IN FOREIGN MONEY (§ 8.3A-107)

Unless the instrument otherwise provides, an instrument that states the amount
payable in foreign money may be paid in the foreign money or in an equivalent
amount in dollars calculated by using the current bank-offered spot rate at the
place of payment for the purchase of dollars on the day on which the instrument
is paid.

HISTORY: Code 1950, § 6-358; 1964, c. 219, § 8.3-107; 1992, c. 693.