Saturday, March 30, 2013

Loans in a currency that is dropping in value


It is assumed that lenders who lend money for periods longer than a day intend to be repaid in a stable currency, even if the actual currency which changes hands is dropping in value rapidly. However, the lender really should stipulate this.

(Rav Moshe Feinstein, Igrot Moshe Orach Chaim 5:43:3)

Good moed,

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