Re-denomination of home currency following re-valuation

Question

We have had a re denomination of our home currency - knocking off a few digits, probably at a rate of 2,481 : 1 - yet to be confirmed.
How do we convert the several company accounts to operate with the new re-valued home currency? Technically the Zimbabwe government has, on 5 April 2024, introduced a new home currency, replacing the RTGS dollar unit.
Do I open up a foreign currency account for the new currency (ZiG dollar) and then convert the home currency to the new one? How is this done?
Back in the 2010s there was a convert programme to knock of f zeros during out hyper-inflation… is that still current?
We further need to know the implications of any changes you recommend on the fiscalised device systems... I trust we will not need to bring is the support teams from the fiscalised device teams... they still haven't sorted out the QR code issue on some companies.

Shazi · Answer

Hello Andrew Field 
 Thank you for reaching out to our community. Your inquiry is rather complex, but we are currently consulting with our product specialist to determine the possibility of your request and the most effective way to address it. 
 Once we have gathered all the necessary information, we will provide you with a response in the community. 
 Sharon

EagleV · Answer

Hi Andrew Field The only currency conversion we have available is for Pastel v14; if you are using v14, please email support with your information so that we can send it to you (supportsa@sage.com). For the higher version, we have communicated this to our developers and are awaiting their response; once we receive it, we will provide you with further information. 
 Please verify or reply and let us know if the advice/suggestion provided was helpful. 
 If my answer was helpful please click on &ldquo;Verify Answer.&rdquo;

EagleV · Answer

Hi Andrew 
 As previously mentioned, the conversion is only available for V8 -V14. I will advise if or when V19 will be available. 
 For information on how to do the conversion on the version mentioned above, please click the link below: How do I multiply or divide home currency amounts using Currency Conversion 
 Please verify or reply and let us know if the advice/suggestion provided was helpful. 
 If my answer was helpful please click on &ldquo;Verify Answer.&rdquo;

EagleV · Answer

Hi Andrew 
 As previously mentioned, the conversion is only available for V8 -V14. I will advise if or when V19 will be available. 
 For information on how to do the conversion on the version mentioned above, please click the link below: How do I multiply or divide home currency amounts using Currency Conversion 
 Please verify or reply and let us know if the advice/suggestion provided was helpful. 
 If my answer was helpful please click on &ldquo;Verify Answer.&rdquo;

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Re-denomination of home currency following re-valuation

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