# Currency

The Currency page provides a centralised interface for managing the different currencies the banking system supports. It lets administrators view and monitor various currencies, their status, and related configurations for international banking operations.

### Accessing the Currency Page

1. Log into the Core Banking Application
2. Navigate to **Operations** in the left sidebar
3. Click on **Multi-Currency**
4. Select **Currency** from the submenu

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### Page Features and Functions

#### Currency Table Information

The table displays the following columns:

1. S/N: Sequential numbering of entries
2. NAME: Full name of the currency
3. COUNTRY: Country associated with the currency
4. CODE: Standard three-letter currency code
5. SYMBOL: Currency symbol used
6. CURRENCY FLAG: Indicates if the currency is Base or Foreign
7. CURRENCY TYPE: Shows the currency classification (e.g., Fiat)
8. STATUS: Displays the current status of the currency (Active/Inactive)

#### Understanding Currency Classifications

**Currency Flags**

1. Base Currency
   * Represents the local currency (e.g., Nigerian Naira)
   * Only one currency can be designated as Base
   * Used for primary accounting and reporting
2. Foreign Currency
   * All non-local currencies
   * Used for international transactions
   * Subject to exchange rate fluctuations

**Currency Types**

* Fiat: Traditional government-issued currencies

**Status Indicators**

* Active: Currency is currently in use and available for transactions
* Inactive: Currency is currently disabled or not available for use


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