Currency for GL account related to foreign bank

Hi
I have a GL account which is "Bank account for foreign branch". Our company code currency is USD. The Bank account is in Euro.Can the currency for Bank account GL be set up in USD (the co code currency) ? I think it should be.But there is a similar account ( bank in germany ) has set with GL as Euro. I am not sure which is best practices , setting up bank account in Co Code currency or docuemnt currency ? Kindly guide me, it is very urgent.
Thanks in advance
Satya

Hi
GL accounts corresponding to Bank Accounts are generally maintained in the respective currency. In this case it is advisable to maintain it in EUR and not USD.
This helps as below:
1. GL balances are always visible in EUR and can be verified against bank statements.
2. Period end FC gain/loss can be valuated and posted.
SAP documentation also suggests that Bank accounts are maintained in respective currencies.
Thanks
Satya

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Currency for GL account related to foreign bank

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