554.3107 Instrument payable in foreign money. Unless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in an equivalent amount in dollarscalculated by using the current bank-offered spot rate at the place of payment for the purchaseof dollars on the day on which the instrument is paid. 94 Acts, ch 1167, §16, 121, 122 Sat Dec 23 01:55:03 2023 Iowa Code 2024, Section 554.3107 (24, 0)
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