New ledger concept replaces the entire special ledger

Hi Guru's,
can any tell me the difference between New GL concept with comparision to special ledfer?
Do New GL totally replces the special ledger?
rgds,

Hi Srikanth,
Could you please throw some light how can we go for another additional currency with the help of FI-Special Purpose Ledger.
In our case hard currency (USD) and group currency (INR) are fix.and for additional currency we have only option i.e. Currency type. Is there any another way for creating additional currency in FI-SPL
We have stuck here on this point. Any answer would be highly appreciable.
Regards,
Nilesh

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New ledger concept replaces the entire special ledger

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