(a) The money in which the parties to a transaction have agreed that payment is to be made, is the proper money of the claim for payment.
(b) If the parties to a transaction have not otherwise agreed, the proper money of the claim, as in each case may be appropriate, is the money:
(1) Regularly used between the parties as a matter of usage or course of dealing;
(2) Used at the time of a transaction in international trade, by trade usage or common practice, for valuing or settling transactions in the particular commodity or service involved; or
(3) In which the loss was ultimately felt or will be incurred by the party claimant.
(Feb. 10, 1996, D.C. Law 11-85, § 2, 42 DCR 6791.)
1981 Ed., § 15-903.
Uniform Law: This section is based upon § 4 of the Uniform Foreign-Money Claims Act.
Structure District of Columbia Code
Title 15 - Judgments and Executions; Fees and Costs. [Enacted title]
Chapter 9 - Uniform Foreign-Money Claims
§ 15–902. Variation by agreement
§ 15–903. Determining money of the claim
§ 15–904. Determining amount of the money of certain contract claims
§ 15–905. Asserting and defending a foreign-money claim
§ 15–906. Judgments and awards on foreign-money claims; times of money conversion; form of judgment
§ 15–907. Conversions of foreign money in distribution proceeding
§ 15–908. Prejudgment and judgment interest
§ 15–909. Enforcement of foreign judgments
§ 15–910. Determining United States dollar value of foreign-money claims for limited purposes
§ 15–911. Effect of currency revalorization