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.
§ 729.13.Foreign Money Revalorization
Chapter 12: Judgment · Not amended since adoption on record · Last verified August 3, 2026
In one sentenceSection 729.13 treats an obligation or loss expressed in a foreign money as expressed in that money's replacement currency, at the issuing country's own conversion rate, if the issuing country substitutes a new money, and requires the court or arbitrator to amend an already-entered judgment or award accordingly.
Full Text of § 729.13
B. If substitution under subsection A of this section occurs after a judgment or award is entered on a foreign-money claim, the court or arbitrator shall amend the judgment or award by a like conversion of the former money.
Amendment History
Added by Laws 1994, SB 634, c. 165, § 13, eff. 1/1/1995.
Plain-English Summary
Currencies sometimes get replaced — a country redenominates or substitutes a new money for the old one. This section says an obligation or loss originally expressed in the old money is treated as if it had always been expressed in the new money, converted at whatever rate the issuing country sets for paying off obligations in the old currency.
If that substitution happens after a court or arbitrator has already entered judgment on the claim, the judgment doesn't stay frozen in a currency that no longer exists — the court or arbitrator must amend it to reflect the same conversion.
Frequently Asked Questions
What happens if the foreign currency in my judgment gets replaced by a new currency?
The obligation is treated as expressed in the new money, converted at the rate the issuing country sets for paying obligations denominated in the old currency.
Does an already-entered judgment get updated if the currency changes?
Yes. The court or arbitrator must amend the judgment or award by the same conversion.
Who sets the conversion rate between the old and new currency?
The country issuing or adopting the new money sets the rate it establishes for paying off obligations that were denominated in the old currency.
Source & verification. Section text is reproduced verbatim from
Title 12 of the Oklahoma Statutes, enacted by the Oklahoma Legislature.
Last verified August 3, 2026.
· Official source
Also known as: currency redenomination judgment oklahomaforeign money revalorization statute12 os 729.13