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Pay SDR Rate

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

  1. Enable the "Allow Add", "Allow Edit" and "Allow Delete" access under " Role Menu Access " to make changes.
Steps to create a SDR Rate:
  1. Click on "Green Plus Sign". This will open the edit form.
  2. Enter below details:
    1. Year - Enter the year.
    2. Min Rate and Max Rate - Enter the minimum and maximum rates.
    3. Approved Rate - Enter the "Approved Rate" by IMF.
    4. Notes - This is an open text field, users can enter desired content.
    5. Void - Void records will be "Disabled" and will not appear in any lookups . Edit the record and "UN-tick" void to activate a record
    6. Save. Click on the "Floppy Icon".
Figure 1: SDR Normalisation Rate