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http://mifosforge.jira.com/browse/MIFOS-5311?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Chetan Bekkinkeri updated MIFOS-5311:
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Implementation Priority: Won't
MifosX requirment. Need more information.
> Deeper multi-currency support
> -----------------------------
>
> Key: MIFOS-5311
> URL: http://mifosforge.jira.com/browse/MIFOS-5311
> Project: mifos
> Issue Type: New Feature
> Components: Product Definition
> Reporter: Ed Cable
> Labels: Cambodia, FINA, Maxima, MifosX, moredetail
>
> Currently Mifos only supports multi-currency for loan repayments on a
> per-product basis (i.e you can assign currencies to different loan products
> but only one currency can be assigned per product. These settings are
> organization-wide.
> Full multi-support is needed in other countries including the ability to
> disburse a single loan product in multiple currencies as well as to disburse
> in one currency or to collect in another.
> Requests have also come up to limit currency per branch and not have the
> setting be organization-wide.
> Requirements from Binny:
> a) The same loan product is disbursed in multiple currencies
> b) A Loan may be disbursed in currency X and may be repaid in either currency
> X or currency Y
> Discussion:
> https://groups.google.com/d/topic/mifosusers/Ymd9RB4kUdQ/discussion
> Requirements from Maxima in Cambodia
> In regard to the multi-currency, Maxima currently has all their loan products
> in USD only but allows customers to make repayments in both currencies (USD &
> KHR), KHR will then convert with the current exchange rate into USD - so it
> is not a real multi-currency support. For the future, Maxima wants to comply
> with the NBC (National bank of cambodia) regulations by having their loan
> products in both currencies. The way banks in Cambodia implementing
> multi-currency is to offer major of their products in both currencies. And
> for example if a customer needs/wants to do transactions in KHR he/she will
> have to open accounts in KHR too otherwise it is just a type of foreign
> exchange. To your questions bellow, I think MFI/Bank here would rather
> implement the multi-currency support on products/accounts basis and they may
> restrict the availability of those products to certain centers, branches or
> locations. If for example a group wants to do transactions in KHR, they will
> have to open account in KHR.
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