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Home » US Law » 2019 US Virgin Islands Code » Title 11 - Commerce, Technology and Trade » Chapter 30 - Foreign Money Claims » § 1538. Conversions of foreign money in a distribution proceeding

The rate of exchange prevailing at or near the closing of business on the day the proceeding is initiated shall govern all exchanges of foreign-money in a distribution proceeding. A foreign-money claimant in a distribution proceeding must assert its claim in the named foreign money and show the amount of United States dollars resulting from a conversion as of the date the proceeding was initiated.