{"schemaVersion":1,"recordType":"legal-article","id":"law:eri:code:civil:2015:article:1428","workId":"law:eri:code:civil:2015","expressionId":"law:eri:code:civil:2015:en","title":"Currency of Payment","number":"1428","language":"en","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/1428/","hierarchy":{"book":"BOOK V - OBLIGATIONS","title":"TITLE I - CONTRACTS IN GENERAL","chapter":"Chapter 6. - Performance","section":"Section 1. - Performance in General","paragraph":null},"paragraphs":[{"id":"p1","number":"1","text":"If a monetary obligation is expressed in a currency other than that of the place for payment, it may be paid by the debtor in the currency of the place for payment unless","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/1428/#p1","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":403,"url":"https://eriatlas.com/sources/civil-code-2015/page/403/?article=1428&paragraph=p1#article-1428-p1"}]},{"id":"p1a","number":"a","parentId":"p1","text":"that currency is not freely convertible; or","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/1428/#p1a","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":403,"url":"https://eriatlas.com/sources/civil-code-2015/page/403/?article=1428&paragraph=p1a#article-1428-p1a"}]},{"id":"p1b","number":"b","parentId":"p1","text":"the parties have agreed that payment should be made only in the currency in which the monetary obligation is expressed.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/1428/#p1b","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":404,"url":"https://eriatlas.com/sources/civil-code-2015/page/404/?article=1428&paragraph=p1b#article-1428-p1b"}]},{"id":"p2","number":"2","text":"If it is impossible for the debtor to make payment in the currency in which the monetary obligation is expressed, the creditor may require payment in the currency of the place for payment, even in the case referred to in sub-Article (1) (b).","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/1428/#p2","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":404,"url":"https://eriatlas.com/sources/civil-code-2015/page/404/?article=1428&paragraph=p2#article-1428-p2"}]},{"id":"p3","number":"3","text":"Payment in the currency of the place for payment is to be made according to the applicable rate of exchange prevailing there when payment is due.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/1428/#p3","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":404,"url":"https://eriatlas.com/sources/civil-code-2015/page/404/?article=1428&paragraph=p3#article-1428-p3"}]},{"id":"p4","number":"4","text":"However, if the debtor has not paid at the time when payment is due, the creditor may require payment according to the applicable rate of exchange prevailing either when payment is due or at the time of actual payment.","canonicalUrl":"https://eriatlas.com/law/civil-code-2015/article/1428/#p4","sourceTargets":[{"sourceId":"civil-code-2015-en","pdfPage":404,"url":"https://eriatlas.com/sources/civil-code-2015/page/404/?article=1428&paragraph=p4#article-1428-p4"}]}],"caution":"This is the 2015 English-language edition attributed in its front matter to the Ministry of Justice. Eri Atlas has not independently verified the translation, later changes, or whether the text is currently in force. Nine passages are incomplete in the available scan and are identified where they occur."}