Va. Code Ann. tit. 6.2, ch. 2

in effect

Va. Code Ann. § 6.2-200 Money of account

A. The money of account of the Commonwealth shall be the dollar, cent, and mill. All accounts by public officers shall be kept in accordance with such monetary units. B. No writing shall be invalid, nor shall the force of any account or entry be impaired, because a sum of money is expressed in other monetary units. 1987, c. 622, § 6.1-330.50; 2010, c. 794 .

Va. Code Ann. § 6.2-200.1 Rounding procedures

Any person selling goods or services in a cash transaction, entering into any transaction that results in a payment or transfer of cash between the parties to the transaction, or paying cash wages to an employee as compensation: 1. In any case in which the total transaction amount, including any taxes, ends with one, two, six, or seven as the final digit of the number of cents for the transaction, may round down such number of cents to the nearest number of cents divisible by five; and 2. In any case in which the total transaction amount, including any taxes, ends with three, four, eight, or nine as the final digit of the number of cents for the transaction, may round up such number of cents to the nearest number of cents divisible by five. 2026, c. 713 .

Va. Code Ann. § 6.2-200.2 Taxes and fees calculated before rounding

A. Any person selling goods or services, or any public or private entity entering into any transaction that results in a payment or transfer of cash between the parties to the transaction, shall calculate and remit all taxes and fees, and other charges imposed by state taxing authorities or by the seller, based on the sales price or stated service fee prior to any cash transaction rounding. B. Any person selling goods or services shall not be in violation of any state or municipal requirements, laws, regulations, or standards based on any action taken in compliance with this section. 2026, c. 713 .

Va. Code Ann. § 6.2-201 Ascertaining value in money of account for money expressed in foreign currency

A. In any suit for a sum of money expressed in any foreign currency or otherwise than in the money of account of the Commonwealth, the jury or the court shall ascertain the value in the money of account of the sum so expressed, including an appropriate allowance for the difference of exchange. The judgment or order may be for either the amount so ascertained, or for the amount of money so expressed, and the judgment or order shall be discharged by an amount so ascertained. B. In any such suit involving an instrument to which § 8.3A-107 is applicable, the provisions of that section shall apply. 1987, c. 622, § 6.1-330.51; 2010, c. 794 .

Va. Code Ann. § 6.2-202 Issuance of currency and related prohibited acts

A. No individual or entity, unless authorized by law, shall: 1. Issue any note, bill, scrip, or other paper or thing with intent that the same be circulated as currency; or 2. Otherwise deal, trade, or carry on business as a bank of circulation. B. All contracts made for forming any entity to engage in any activity prohibited by subsection A shall be void. 1987, c. 622, § 6.1-330.52; 2010, c. 794 .

Va. Code Ann. § 6.2-203 Contracts and securities from illegal currency dealing void; recovery of payments

A. All contracts and securities that originate from, or are made or obtained in whole or in part by means of any illegal currency dealing, trade, or business, shall be void. B. If any person pays any money or other valuable consideration on account of any contract or security originating from, or made or obtained in whole or in part by means of, any illegal currency dealing, trade, or business, such person or his representative or assignee may recover the amount or value of such payment from the person to whom, or to whose use, the payment was made, by bringing suit within one year after such payment. 1987, c. 622, § 6.1-330.52; 2010, c. 794 .

Va. Code Ann. § 6.2-204 Capital stock of certain entities vested in Commonwealth; proceedings to recover stock; liability

A. The capital stock of every entity formed to engage in any activity prohibited by subsection A of § 6.2-202 , whether paid up or merely subscribed, shall belong to the Commonwealth. The Attorney General, whenever informed of the existence of any such entity, shall institute a suit in the Circuit Court of the City of Richmond, for the purpose of recovering such capital stock. In such suit, all or any of the members of such entity, and any of its officers, agents, or managers, may be made defendants, and compelled to exhibit all their books and papers, and an account of everything necessary to enable the court to enter a proper order. B. No disclosure made by a defendant in such suit, and no book or paper exhibited by him in answer to the bill, or under the order of the court, shall be used as evidence against him in any case at law. C. Every member of any entity formed to engage in any activity prohibited by subsection A of § 6.2-202 who is made defendant in any such suit, shall be held liable to the Commonwealth for his proportion of the capital stock in such entity held by him, or for his use or benefit, at the institution of such suit, or at the time of the order. Such order against any defendant shall be a bar to a proceeding against him for any act done in violation of subsection A of § 6.2-202 . 1987, c. 622, § 6.1-330.52; 2010, c. 794 .

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/title6.2/chapter2/Fetched: 10/16/2026