Quantitative Change of Money in Time Monetary Obligations

Obligation to payment of money may replace another type of obligation done according to current cost. Here, the quantitative change of money is acceptable provided that its value is decreased or doesn,t match with the one fixed in the original obligation, because the given obligation is nothing but a replacement of the main one. Sometimes, however, this obligation is valid per se and the obligated party has no other option but to pay a fixed amount at the time it is due. Quite obviously expecting an amount higher than the original is unjustifiable. However, high inflation and the decrease of money value has caused the payment of time monetary obligations to be unjust. Therefore, some experts take the changeability of the quantitative amount of money in time as compatible with the general rules prevailing in monetary obligations, in a way that it could compensate for the loss. Others, on the other hand have denounced it as something which is against both the legal and religious principles. This article offers the pros and cons of the argument disinterestedly and examines the legal aspects of the issue.