Loi du 8 juillet 1950 portant interprétation de certaines dispositions des arrêtés grand-ducaux du 14 octobre 1944 et du 19 mars 1945 concernant l'échange monétaire.
This provision is the preamble of a Luxembourg law of 8 July 1950 and contains the formal introductory statements before the operative text.
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- Jurisdiction
- Luxembourg
- Instrument
- Act or statute
- Citation
- http://data.legilux.public.lu/eli/etat/leg/loi/1950/07/08/n2/jo
- Status
- In force
- Version
- Undated source snapshot
- Language
- fr
- Updated
- Official source
- View official record ↗
Statute overview
About this statute
This provision is the preamble of a Luxembourg law of 8 July 1950 and contains the formal introductory statements before the operative text. Foreign-currency amounts credited by certain foreign financial institutions are converted into francs only up to the amount actually credited before 11 September 1944; the same rule also applies to postal cheque offices in Germany and Luxembourg, with 1 September 1944 used instead. Certain bank and deposit assets linked to enemy nationals or assimilated stateless persons must stay denominated in RM until the Finance Minister definitively lifts the enemy-property sequestration. Foreign-currency accounts held in certain Belgian/war-era monetary units remain in that currency, but they may be converted only with the Minister of Finance’s express authorization.
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Loi du 8 juillet 1950 portant interprétation de certaines dispositions des arrêtés grand-ducaux du 14 octobre 1944 et du 19 mars 1945 concernant l'échange monétaire.
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