Defining Currencies

Use the Currencies window to define non-ISO (International Standards Organization)

currencies, and to enable/disable currencies. Oracle Applications has predefined all
currencies specified in ISO standard #4217.

To use a currency other than U.S. Dollars (USD), you must enable the currency. U.S.
Dollars (USD) is the only currency that is enabled initially.

To define a new currency:

1. Navigate to the Currencies window.

2. Enter a unique Code to represent your currency.

Note: You cannot change a currency code after you enable the currency, even if
you later disable that currency.

3. Enter the Name and Description of the currency.

4. (Optional) Select the name of the Issuing Territory. Oracle Applications has
predefined the names of countries (per ISO Standard #3166) that issue standard
currencies.
5. Enter the Symbol for your currency.

Note: Some Oracle Applications use currency symbols when displaying

amounts. Others, like General Ledger, do not.

6. Enter the Precision of the currency to designate the number of digits to the right
of the decimal point used in regular currency transactions.
7. Enter the Extended Precision to designate the number of digits to the right of the
decimal point used in calculations for this currency. The extended precision must
be greater than or equal to the standard precision.

Note: Some Oracle Applications use the extended precision. Others, like
General Ledger, do not.

8. Enter the Minimum Accountable Unit to designate the smallest denomination

used in this currency. Note that this might not correspond to the precision.
9. (Optional) Enter Effective Dates for your currency. You can only enter
transactions denominated in this currency for dates within the range. If you don't
enter a start date, the currency is valid immediately. If you don't enter an end
date, the currency is valid indefinitely.
10. Enable your currency.
11. Save your work.
To enable or disable a currency:

1. Navigate to the Currencies window.

2. Query the Code or Name of the currency that you want to enable or disable.
3. Mark the Enabled check box to indicate that the currency can be used to enter
transactions and record balances. Clear the check box to indicate that the
currency cannot be used.
4. Save your work.