§ 1C-1831. Effect of currency revalorization. - North Carolina Statutes

§1C‑1831.  Effect of currency revalorization.

(a)        If, after anobligation is expressed or a loss is incurred in a foreign money, the countryissuing or adopting that money substitutes a new money in place of that money,the obligation or the loss shall be treated as if expressed or incurred in thenew money at the rate of conversion the issuing country established for thepayment of like obligations or losses denominated in the former money.

(b)        If substitutionunder subsection (a) of this section occurs after a judgment or award isentered on a foreign‑money claim, the court or arbitrator shall amend thejudgment or award by a like conversion of the former money. (1995,c. 213, s. 1.)