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Va. Code Ann. § 8.01-465.14 Definitions
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As used in this chapter: "Action" means a judicial proceeding or arbitration in which a payment in money may be awarded or enforced with respect to a foreign-money claim. "Bank-offered spot rate" means the spot rate of exchange at which a bank will sell foreign money at a spot ra…
Va. Code Ann. § 8.01-465.15 Scope
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This chapter applies only to a foreign-money claim in an action or distribution proceeding and applies to foreign-money issues even if other law under the conflict-of-laws rules of the Commonwealth applies to other issues in the action or distribution proceeding.
Va. Code Ann. § 8.01-465.16 Variation by agreement
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The effect of this chapter may be varied by agreement of the parties made before or after commencement of an action or distribution proceeding or the entry of judgment. Parties to a transaction may agree upon the money to be used in a transaction giving rise to a foreign-money cl…
Va. Code Ann. § 8.01-465.17 Determining money of the claim
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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. If the parties to a transaction have not otherwise agreed, the proper money of the claim is the money (i) regularly used between the parties as a m…