Concerns of Ribit in Other Currencies
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Question
If someone borrows dollars in Israel, can they repay in dollars?
Answer
If the borrower had one dollar on the day of the loan, it is considered that the loan is in dollars, and they are obligated to repay in dollars. They can repay in dollars according to the rate on the day of repayment or in shekels according to the dollar rate on the day of repayment. However, if the borrower did not have one dollar and the dollar decreased, they cannot repay in dollars and must pay in shekels or dollars according to the rate on the day of the loan.
Source
Shulchan Aruch, Yoreh De'ah, Siman 162
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