Skip to Content
author's profile photo Former Member
Former Member

Venezuela SITMAE Exchange rate-Dual exchange rate for imports

Hello,

Venezuela business wants to maintain dual exchange rates for import of goods. Business would like to use either of the rates "M" rate or new rate "SITMAE" subject to Govt. direction.Business wants the flexibility to change PO every time with either of the rates. There inventories will be maintaind at local currency ,but Payables (GR/IR) during GR should be valued at the new rate.

Has anyone worked on this?

Regards

Rajesh

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

1 Answer

  • author's profile photo Former Member
    Former Member
    Posted on Sep 12, 2011 at 06:57 PM

    Hi Naveen,

    Working on a similar requirement, Did you get any response/solution to this?

    Regards,

    SGP

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.