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Former Member
Apr 24, 2014 at 03:29 AM

GR/IR Clearing

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Disclaimer: I have tried my very best to search the SCN forums to answer my question but I have not found any sufficient answers.

Hi,

I have 2 questions regarding GR/IR clearing (MR11/F,13):

1. Why is it that GR/IR clearing can only be done in local currency?

2. If I want to process a foreign currency account through GR/IR, how will I do it?

Thanks,

Josef