Uniform Foreign-Money Claims Act

The Uniform Foreign-Money Claims Act governs civil claims, judgments, and awards that are denominated in a foreign currency rather than United States dollars, establishing which currency a claim is properly measured in and deferring to the parties' own agreement where one exists. Its central mechanism is the rule for converting foreign money into dollars — fixing the time of conversion, the form the judgment takes, how prejudgment and postjudgment interest is handled, and how conversion works in distribution proceedings and in the enforcement of foreign judgments. It also supplies a limited-purpose method for stating a claim's dollar value and addresses the effect of a foreign currency's revalorization, with an instruction that the act be construed to keep its application uniform among adopting jurisdictions.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.