In the time from Jan. 1, 1999 to Dec. 31, 2001, the
Euro can only be used as a non-cash currency, from Jan. 1, 2002 to Feb. 28,
2002 it can be used as both a non-cash and a cash currency (having equal rights
as the domestic currency), and from March 1, 2003 on, the Euro will be the only
currency in the participating countries of the European Monetary Union.
The following description informs you about how you
can create the Euro as a second Payment Type
and as a non-cash Currency and how you can
update the exchange rates. If you are familiar with the configuration of the
Euro and only want a table with specific examples of parameter settings for
various currencies, you can view Table 1: Domestic
Currency is EMU Currency or Table 2: Domestic
Currency is not EMU Currency.
As soon as you need the Euro for the conversion of one
currency into another, or if you want to display it as a second payment type on
the receipt (cp. window Company), the Euro must be
created as a foreign currency. A description can be found in the chapter Update Euro.
Various examples describe how the Euro is configured
as a non-cash currency, what is to be considered when creating foreign
currencies, and what is the meaning of a currency being an EMU or a non-EMU
currency.