SDR (Special Drawing Right) is an artificial "basket"
currency used by the IMF (International Monetary Fund) for internal accounting
purposes. The SDR is also used by some countries as a peg for their own
currency, and is used as an international reserve asset.
Pre-requisites
- Enable the "Allow Add", "Allow Edit" and "Allow
Delete" access under " Role
Menu Access " to
make changes.
Steps to create a SDR Rate:
- Click on "Green Plus Sign". This will open the edit
form.
- Enter below details:
- Year - Enter the year.
- Min Rate and Max Rate - Enter the minimum and
maximum rates.
- Approved Rate - Enter the "Approved Rate" by IMF.
- Notes - This is an open text field, users can enter
desired content.
- Void - Void records will be "Disabled" and will not
appear in any lookups . Edit the record and "UN-tick" void to activate a
record
- Save. Click on the "Floppy Icon".
Figure 1: SDR Normalisation
Rate