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
Log into the Core Banking Application
Navigate to Operations in the left sidebar
Click on Multi-Currency
Select Currency from the submenu
Page Features and Functions
Currency Table Information
The table displays the following columns:
S/N: Sequential numbering of entries
NAME: Full name of the currency
COUNTRY: Country associated with the currency
CODE: Standard three-letter currency code
SYMBOL: Currency symbol used
CURRENCY FLAG: Indicates if the currency is Base or Foreign
CURRENCY TYPE: Shows the currency classification (e.g., Fiat)
STATUS: Displays the current status of the currency (Active/Inactive)
Understanding Currency Classifications
Currency Flags
Base Currency
Represents the local currency (e.g., Nigerian Naira)
Only one currency can be designated as Base
Used for primary accounting and reporting
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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