(Adopted at the 1933rd Meeting of the Adjudication Committee of the Supreme People's Court on November 25, 2024, and effective as of February 13, 2025)
To the High People's Courts of all provinces, autonomous regions, and municipalities directly under the Central Government; the Military Court of the People's Liberation Army; and the Production and Construction Corps Branch of the Xinjiang Uygur Autonomous Region High People's Court:
Recently, several high people's courts have submitted requests for instructions on determining the applicable interest rates for calculating losses due to overdue payments in foreign currencies and Hong Kong, Macao, and Taiwan currencies. Upon deliberation, the reply is as follows:
(Adopted at the 1933rd Meeting of the Adjudication Committee of the Supreme People's Court on November 25, 2024, and effective as of February 13, 2025)
To the High People's Courts of all provinces, autonomous regions, and municipalities directly under the Central Government; the Military Court of the People's Liberation Army; and the Production and Construction Corps Branch of the Xinjiang Uygur Autonomous Region High People's Court:
Recently, several high people's courts have submitted requests for instructions on determining the applicable interest rates for calculating losses due to overdue payments in foreign currencies and Hong Kong, Macao, and Taiwan currencies. Upon deliberation, the reply is as follows:
