Amendment on Payment Obligations in Currency

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Republic Act No. 4100: Amendment on Payment Obligations in Currency

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Title Source: Supreme Court: Amendment on Payment Obligations in Currency

Law: Republic Act No. 4100

Decision Date: Jun 19, 1964

The Amendment to R.A. No. 529 declares that any provision in a domestic obligation allowing payment in foreign currency is null and void, except for certain exempted transactions, and all debts must be discharged in Philippine currency based on prevailing exchange rates.

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