If you borrow money from someone and the country the currency is from changes currency or changes government so they make new bills, would you have to pay back?
To be clear. Lets say you go to a small foreign country with a friend, and he gives you a wad of the local currency to hold for him. You forget about it, and a few months later you find the money in the small pocket of your backpack. The problem is that those bills are no longer worth anything. Do you have to pay back the value in a valid currency, or can you just give him back those (now worthless) bills?
This is hypothetical.
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Full Version: Currency that no longer exists
QUOTE (doodlehead @ Feb 21 2008, 04:06 PM) 
If you borrow money from someone and the country the currency is from changes currency or changes government so they make new bills, would you have to pay back?
Why not? We would have to pay back the amount it equals in the new currency.
QUOTE (cholentpot @ Feb 21 2008, 03:07 PM)
Why not? We would have to pay back the amount it equals in the new currency.
And I thought that I could still pay an old debt in australes...How much would A 36,500 be in existing currencies?
QUOTE (cholentpot @ Feb 21 2008, 04:07 PM)
Why not? We would have to pay back the amount it equals in the new currency.
What if you didnt spend the money and have it sitting right there, can you just return it?
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QUOTE (krumlikeapretzel @ Feb 21 2008, 05:11 PM)
And I thought that I could still pay an old debt in australes...
How much would A 36,500 be in existing currencies?
How much would A 36,500 be in existing currencies?
Just say it could but 4 bottles of coke then you would have to give them the value of 4 bottles of coke today, whats that $4 give or take?
QUOTE (doodlehead @ Feb 21 2008, 03:14 PM)
Hmm extra problem:
If I paid my A36,500 debt with old A10,000 bills I have, how would they give me change? (ribis sheilo)
QUOTE (doodlehead @ Feb 21 2008, 05:14 PM)
What if you didnt spend the money and have it sitting right there, can you just return it?
No, when you took it, it had value so you have to return it with the same value although shomer chinam......
Ok, did you ask for it or was it given to you to look after?
QUOTE (cholentpot @ Feb 21 2008, 04:17 PM)
Just say it could but 4 bottles of coke then you would have to give them the value of 4 bottles of coke today, whats that $4 give or take?
And assuming they banned coke, so you couldnt pay back with actual coke. Yeah same question.
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QUOTE (krumlikeapretzel @ Feb 21 2008, 04:17 PM)
Hmm extra problem:
If I paid my A36,500 debt with old A10,000 bills I have, how would they give me change? (ribis sheilo)
If I paid my A36,500 debt with old A10,000 bills I have, how would they give me change? (ribis sheilo)
Why ribbis?
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QUOTE (cholentpot @ Feb 21 2008, 04:18 PM)
No, when you took it, it had value so you have to return it with the same value although shomer chinam......
Ok, did you ask for it or was it given to you to look after?
Ok, did you ask for it or was it given to you to look after?
Given to you to look after. (lets say he had a gambling problem and needed help with self control)
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QUOTE (doodlehead @ Feb 21 2008, 05:19 PM)
And assuming they banned coke, so you couldnt pay back with actual coke. Yeah same question.
Im using the coke as na example. If they one was worth $10 then, you would have to give back the amount equal to $10 worth of shopping.
But, if he gave it to you and asked you to keep it then you are not obligated to give him new currency, its a case of shomer chinam
QUOTE (krumlikeapretzel @ Feb 21 2008, 03:11 PM)
And I thought that I could still pay an old debt in australes...
How much would A 36,500 be in existing currencies?
update:How much would A 36,500 be in existing currencies?
A36,500 would be approximately $1.16 US.
QUOTE (doodlehead @ Feb 21 2008, 04:06 PM)
If you borrow money from someone and the country the currency is from changes currency or changes government so they make new bills, would you have to pay back?
To be clear. Lets say you go to a small foreign country with a friend, and he gives you a wad of the local currency to hold for him. You forget about it, and a few months later you find the money in the small pocket of your backpack. The problem is that those bills are no longer worth anything. Do you have to pay back the value in a valid currency, or can you just give him back those (now worthless) bills?
This is hypothetical.
9
To be clear. Lets say you go to a small foreign country with a friend, and he gives you a wad of the local currency to hold for him. You forget about it, and a few months later you find the money in the small pocket of your backpack. The problem is that those bills are no longer worth anything. Do you have to pay back the value in a valid currency, or can you just give him back those (now worthless) bills?
This is hypothetical.
9
Two prukim in B"M are busy with this question.
QUOTE (shaya_getzl @ Feb 21 2008, 04:52 PM)
Two prukim in B"M are busy with this question.
I was asking because I dont have a gmara on me and wanted to know what the deal is halacha limaisa.
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QUOTE (cholentpot @ Feb 21 2008, 04:17 PM)
Just say it could but 4 bottles of coke then you would have to give them the value of 4 bottles of coke today, whats that $4 give or take?
And if you borrowed 4 bottles of coke in New Jersey, is it fair to return them in Medellin ?
QUOTE (doodlehead @ Feb 21 2008, 04:54 PM)
I was asking because I dont have a gmara on me and wanted to know what the deal is halacha limaisa.
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Shomer chinam is patur
you want the other 3 as well?
QUOTE (cholentpot @ Feb 21 2008, 04:55 PM)
Shomer chinam is patur
you want the other 3 as well?
you want the other 3 as well?
Please.
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