Tuesday, September 27, 2011

Money-lending and currencies with fluctuating value


One who borrows a certain sum of money must pay back that same sum of money; paying more is prohibited, under the laws of ribbit [interest].

If a sum is borrowed in one country and re-paid in a different country where its purchasing power is reduced, one still re-pays the original sum; one does not increase the sum to offset its devaluation.

(Rav Moshe Feinstein, Igrot Moshe Orach Chaim 2:84)

כתיבה וחתימה טובה,

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