Can a land sale or any other trasaction be made in US$

I have Lee. I was quoted in dollars. I was going to pay by credit card but they would have screwed me in the translation for a few hundred dollars.

Scott

Fabio Guzman, the attorny who answers questions in this section, will speak for himself, but I recall a similar question to which he responded it was now legal to make a contract in other than Pesos. But wait for his response. He checks this section a couple of times a week.

But even when contracts were required to be in pesos, people were buying and selling with dollars. The contract said pesos but the money that crossed the table was dollars. This was especially true when the transactions were between foreigners.

Requirements in Pesos were for tax purposes only as I remember from the thread you are talking about Ken. They now quote exclusively in dollars and accept ONLY dollars but the government gets to rip you off in the translation into Pesos for capitol gains purposes when you sell.

As my late lawyer-uncle in the DR used to say: if the two parties agree, is legal!

DCfred said:

As my late lawyer-uncle in the DR used to say: if the two parties agree, is legal!

Click to expand...

Not quite. Public policy issues override mutual consent (Art. 6 of the Civil Code). 1st year law school example: you ask your friend to take a gun and kill you. You write out the agreement, insert a clause exonerating your friend of responsibility for your death, sign it, witness it or notarize it, etc. Despite the agreement, it's still murder.

Parties to a contract can now freely agree to payment in any currency, after the enactment in November 2002 of the new Monetary and Financial Code (Art. 24 of Law 183-02). Before, if you contracted in a foreign currency, the debtor could always pay you in pesos.