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OHIRUMDPA_IT0022_009 - Determine Currencies

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In this step you define the valid currencies for a country. In view of European monetary union, you should define the currencies that are valid during the dual currency phase.

You should also define the currency used by the public sector.

European Monetary Union

As things stand today, the (old) national currency is valid until 30.6.2002. The euro is valid from 1.1.1999. In the period from 1.1.1999 to 30.6.2002 two currencies will exist simultaneously.

According to the latest information there will be a public sector changeover to the euro in several countries on 1.1.2001.

Only change the settings in the table once the relevant legal framework has been put in place. Note that the amounts in many infotypes and system settings (tax, social insurance) are based on the currency of the public sector.

If you change the public sector currency, the amounts in the relevant infotypes and system settings have to be converted too.

On no account, therefore, should you change the currency while the system is operating.

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