Idaho State Statutes - Idaho Attorney Directory

JUDGMENTS AND AWARDS ON FOREIGN-MONEY CLAIMS -- TIMES OF MONEY
CONVERSION -- FORM OF JUDGMENT. (a) Except as provided in subsection (c) of
this section, a judgment or award on a foreign-money claim must be stated in
an amount of the money of the claim.
(b) A judgment or award on a foreign-money claim is payable in that
foreign money or, at the option of the debtor, in the amount of United States
dollars which will purchase that foreign money on the conversion date at a
bank-offered spot rate.
(c) Assessed costs must be entered in United States dollars.
(d) Each payment in United States dollars must be accepted and credited
on a judgment or award on a foreign-money claim in the amount of the foreign
money that could be purchased by the dollars at a bank-offered spot rate of
exchange at or near the close of business on the conversion date for that
payment.
(e) A judgment or award made in an action or distribution proceeding on
both (i) a defense, set-off, recoupment or counterclaim and (ii) the adverse
party's claim, must be netted by converting the money of the smaller into the
money of the larger, and by subtracting the smaller from the larger, and
specify the rates of exchange used.
(f) A judgment substantially in the following form complies with
subsection (a) of this section:
IT IS ADJUDGED AND ORDERED, that Defendant ....... (insert name) .......
pay to Plaintiff ....... (insert name)....... the sum of ....... (insert
amount in the foreign money) ....... plus interest on that sum at the rate
of ....... (insert rate - see section 10-1509, Idaho Code) ....... percent
a year or, at the option of the judgment debtor, the number of United
States dollars which will purchase the ....... (insert name of foreign
money) ....... with interest due, at a bank-offered spot rate at or near
the close of business on the banking day next before the day of payment,
together with assessed costs of ....... (insert amount) ....... United
States dollars.
(g) If a contract claim is of the type covered by section 10-1505(a) or
(b), Idaho Code, the judgment or award must be entered for the amount of money
stated to measure the obligation to be paid in the money specified for payment
or, at the option of the debtor, the number of United States dollars which
will purchase the computed amount of the money of payment on the conversion
date at a bank-offered spot rate.
(h) A judgment must be filed with the district court, and recorded with
the county recorder, in foreign money in the same manner, and has the same
effect as a lien, as other judgments. It may be discharged by payment.

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