§ 8.01-465.24.Determining United States dollar value of foreign-money claims for limited purposes.

A sheriff cannot seize an unspecified amount of property, and a court cannot set an unspecified bond, so provisional remedies on a foreign-money claim need a dollar figure well before any judgment is entered. This section supplies one, for three limited purposes: valuing assets to be seized or restrained under a writ of attachment, garnishment, execution, or other legal process; assessing costs; and fixing the dollar amount for a surety bond or other court-required undertaking.

The party seeking that process computes the dollar amount using the bank-offered spot rate prevailing at or near the close of business on the banking day next preceding the filing of the relevant request or application. That request must come with an affidavit or certificate — executed in good faith by the party's counsel or a bank officer — stating the market quotation used, how it was obtained, and the calculation itself.

Court officials who rely on that filed affidavit get protection for doing so: they incur no liability for acting as if the judgment were in the dollar amount the affidavit or certificate states. But the section is careful to cabin its own reach — these computations serve only the limited purposes described here, and do not affect how the eventual judgment's dollar equivalent gets computed for the purpose of actual payment under sections like § 8.01-465.20.