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Need to change Local currency for a country

We are currently Implementing Global payroll for Bermuda, the local currency is BMD. The company does all transactions in USD, the legal entity and LDG are already set up as per the local currency BMD.

  • Any suggestions on changing the local currency for Bermuda to USD?
  • What impacts would it have to change the currency?
  • Any suggested different approach for this ?

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