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Former Member
Oct 16, 2008 at 02:11 PM

foreign exchange problem

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Hi,

Our local currency is RMB, and there is one bank account set up as USD.

The case is like that, this bank account receive 10USD, equal 80 CNY in July for exmaple, then pay 10USD, equal 70 CNY in Aug.

Then if check this bank account, the USD balance is zero, but the RMB balance is 10CNY, the accounting people is unhappy with this, but in my view, it is normal.

Any one have this issue before, what is the best pratice?

Thanks