Republic Acts1 min read
Section 1June 11, 1996, Sec./Art. 1
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
All monetary obligations shall be settled in the Philippine currency which is legal tender in the Philippines. However, the parties may agree that the obligation or transaction shall be settled in any other currency at the time of payment.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.