How ‘Bills of Exchange’ are Currency: 31 USC 5118, 12 USC 412, UCC 3-601, 3-603, 3-311, HJR 192 (public law 73-10) and more

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according to statutes, codes, and public policy, bills of exchange are legally recognized as currency because they discharge debt obligations in commerce. HJR 192, 31 USC 5118, and 12 USC 412 establish that debt instruments replace gold as legal payment. UCC provisions (3-603, 3-311, and 3-601) confirm that offering a bill of exchange settles debts, even if refused.