An important precedent has been set for person-to-person | ALTAVIBRA

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An important precedent has been set for person-to-person commerce in Venezuela 🇻🇪

If the parties agree to fulfill their obligations in foreign currency (dollars, euros, yuan, Bitcoin, USDT), they cannot later switch to the national currency (bolívars).

Clear rules, and things as they are. One’s word is honored, as befits serious and trustworthy people.

Alexander Guevara

TSJ reiterates that the agreed payment currency cannot be replaced with bolivars

The Civil Cassation Chamber of the Supreme Court of Justice (TSJ) ruled that when the parties agree that a debt will be paid solely and exclusively in foreign currency, the debtor cannot discharge it by unilaterally paying in bolivars. The ruling was issued in Judgment No. 501 of October 22, 2026, in which the Chamber overturned a decision that had deemed a $60,000 obligation fulfilled by a transfer in bolivars.

According to the Chamber, when the parties agree that the obligation will be paid only in foreign currency, the special agreement provided for in Article 128 of the Law of the Central Bank of Venezuela applies.

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