Hi Bharath, Thank you for providing some perspective on this scenario
I agree that before a full currency exchange / FX is present and active, a 'disable cross currency transactions' option to prevent such transfers would be a short term win I shall create an issue based on our discussion here Regards, Thomas On Thu, Dec 30, 2021 at 6:52 AM Bharath Gowda <[email protected]> wrote: > Hi Thomas, > > Thank you for testing these scenarios. > Fineract even though it supports multi-currency, cross-currency operations > are not recommended as it is not fully mature enough and no > validations have been implemented to stop these scenarios. > . > We could have a global configuration to enable/disable cross-currency > transactions. > when it is disabled we could add validations to restrict such transactions. > > We can enable it once the currency exchange and other complex user > scenarios are implemented. > It is one of the good features to implement and support cross-currency > transfers with (exchange rates) which enables Fineract to support > wallet/mobile and other organizations who operate around the globe. > We could create a New feature request ticket here > <https://issues.apache.org/jira/projects/FINERACT/issues> > > Regards, > Bharath > Lead Implementation Analyst | Mifos Initiative > Skype: live:cbharath4| Mobile: +91.7019635592 > http://mifos.org <http://facebook.com/mifos> > <http://www.twitter.com/mifos> > > > On Wed, Dec 29, 2021 at 6:42 PM Thomas Kerin <[email protected]> > wrote: > >> Hi all, >> >> I've been testing the various Fineract projects and ran into something I >> want to check >> >> In one scenario I created two savings products, each denominated in a >> different currency (say, EUR + USD) Then I created two users, one having an >> account in one currency, the other has the different currency. >> >> I was able to set the other user up as a beneficiary and transfer USD >> from the USD Savings Product into the EUR Savings Product. I wasn't sure >> why this succeeded, except maybe I need to write accounting rules to >> restrict the currencies the products may transact with perhaps? >> >> I'd like to find out if it's a feature or a bug, and how to ensure people >> can't transfer units of one currency into an account made for another >> >> Thanks in advance >> >> Mifos-developer mailing list >> [email protected] >> Unsubscribe or change settings at: >> https://lists.sourceforge.net/lists/listinfo/mifos-developer > >
