Thanks, John.
We can specify more than one currency under
AccountingRules.AdditionalCurrencyCodes in
applicationConfiguration.custom.properties, for example:
AccountingRules.AdditionalCurrencyCodes=THB,VND,CNY
I have tried this and the loan product page displays multiple currencies in
the currency dropdown.
Thanks
Binny
On Thu, Oct 27, 2011 at 2:56 PM, John Woodlock <[email protected]>wrote:
> Binny,
>
> I've nothing to add except my understanding is the same as yours for both
> mifos and mifos BI. It might be that one additional currency is allowed in
> mifos (ie 2 currencies max) but I'm not really sure about that.
>
> John
>
> On Thu, Oct 27, 2011 at 8:01 PM, Binny Gopinath
> <[email protected]>wrote:
>
>> All,
>>
>> Is there anyone who has implemented Mifos where the MFI does the
>> following:
>>
>> 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
>>
>> If anyone has done any of the above, I would like to know how the
>> implementation was done to support multiple currencies.
>>
>> Here is my understanding on how these requirements can be supported:
>>
>> a) The loan product need to be defined multiple times. Once for each
>> currency; the min/max/default loan amount values need to be converted
>> externally and then specified when creating the loan products.
>> b) The scenario cannot be fully supported in Mifos. If a loan is disbursed
>> in currency X, then all repayments also must be done in currency X. If the
>> member is re-paying in currency Y, then the currency conversion should be
>> manually applied externally and the converted value should be entered into
>> Mifos. Any loss arising due to the conversion must be written off. But any
>> amount collected in excess due to the conversion, cannot be accounted into
>> Mifos easily.
>>
>> Is this understanding correct?
>>
>> Also, in BI, the reports have to be viewed product wise. If the report
>> does not support a product-wise listing/totalling of amounts (for instance,
>> the Branch Expected Cashflow report), then this report will show totals
>> across currencies and this will be misleading. Such reports will need to be
>> customized to include a filtering or grouping by loan products.
>>
>> Let me know if you have any better suggestions than the above.
>>
>> --
>> Thanks and Regards
>> Binny Gopinath Sreevas
>>
>>
>>
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>
>
> ------------------------------------------------------------------------------
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> demand for specialized networking skills is growing even more rapidly.
> Take a complimentary Learning@Cisco Self-Assessment and learn
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>
------------------------------------------------------------------------------
The demand for IT networking professionals continues to grow, and the
demand for specialized networking skills is growing even more rapidly.
Take a complimentary Learning@Cisco Self-Assessment and learn
about Cisco certifications, training, and career opportunities.
http://p.sf.net/sfu/cisco-dev2dev
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