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Federal Act
on Private International Law
(PILA)

Art. 147

III. Cur­rency

 

1 A cur­rency is defined by the law of the is­su­ing state.

2 The ef­fects of a cur­rency on the ex­tent of an ob­lig­a­tion are gov­erned by the law ap­plic­able to such ob­lig­a­tion.

3 The law of the state in which pay­ment must be made de­term­ines the cur­rency in which the pay­ment must be ef­fected.