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HRS §658B-12

What happens when a foreign currency is replaced

If a country replaces its money with a new currency, any debt or loss in the old money is treated as if it were in the new money, using the country's official conversion rate. If a court or arbitrator already made a decision, they must update it the same way.

courtscreditorsdebtors

The statute, as written — Effect of currency revalorizations

(a) If, after an obligation is expressed or a loss is incurred in a foreign money, the country issuing or adopting that money substitutes a new money in place of that money, the obligation or the loss is treated as if expressed or incurred in the new money at the rate of conversion the issuing country establishes for the payment of like obligations or losses denominated in the former money. (b) If substitution under subsection (a) occurs after a judgment or award is entered on a foreign-money claim, the court or arbitrator, as the case may be, shall have jurisdiction to, and shall, amend the judgment or award by a like conversion of the former money.
Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.