Foreign Currency: Claims, Judgments and Damages
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CHAPTER 13
Are currency exchange losses recoverable as damages?
I. THE ORTHODOX VIEW
Introduction
13.1
The issue considered in this chapter is whether losses arising from depreciation of a currency may be claimed as damages in civil proceedings. This question most commonly arises in claims for breach of contract arising from late or nonpayment of a fixed sum, but it can also arise in other types of claims.