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.
Structure 2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 3 - Negotiable Instruments
Part 1 - General Provisions and Definitions
§ 47-3-104. Negotiable Instrument
§ 47-3-107. Instrument Payable in Foreign Money
§ 47-3-110. Identification of Person to Whom Instrument Is Payable
§ 47-3-114. Contradictory Terms of Instrument