[GNC] Do I need to set up multiple bank accounts for different currencies?

[Stan Brown]

The Tutorial and Concepts Guide has a longish chapter on multiple
currencies. Was that not of help to you?

Stan Brown
Tehachapi, CA, USA
https://BrownMath.com

On 2022-12-22 07:56, Dr. David Kirkby wrote:
> My Bank is a UK bank, but I sometimes buy things in $HKD, and fairly
> regularly receive payments in USD and EUR in addition to the obvious GBP.
> Should I set up accounts like this? (American's call them checking
> accounts, but we don't here).
> 
> Assets: Current Assets: Bank Account (GBP)
> Assets: Current Assets: Bank Account (USD)
> Assets: Current Assets: Bank Account (EUR)
> Assets: Current Assets: Bank Account (HKD)
> 
> It's the one bank account - I don't have different account numbers for
> different currencies, and can't hold balances in anything other than GBP.
> 
> I initially assumed I needed 4 accounts for 4 currencies, but now I'm
> wondering if I can avoid that complexity, given I can only have a balance
> in GBP.