Opening and Closing Currency Accounts in Niobi Introduction Niobi supports multiple currencies, allowing your business to operate internationally without encountering costly currency conversion delays. Whether you are expanding into new regional markets or managing international clients, opening new currency wallets is completely instantaneous. This guide covers how to add new currencies, execute transfers between accounts, and securely close currency wallets you no longer need. What you'll learn: - Supported regional and global currencies in Niobi - How to open new currency wallets instantly - How to transfer funds internally between currency accounts - When to utilize multi-currency structures for cash flow - How to safely close currency accounts while preserving records Time to complete: 5–10 minutes 🔍 Before You Start Ensure you meet the following baseline requirements before managing workspace currencies: - Active Profile: You hold a verified user account on the Niobi platform. - Role Permissions: You hold a Director or Administrator role assignment to modify wallets. - Liquid Capital: You have cleared funds available if you plan to move money between accounts. 🌍 Supported Currencies in Niobi Niobi provides multi-currency wallets across regional and international zones: - 🌍 African Currencies: - KES (Kenyan Shilling) - NGN (Nigerian Naira) - GHS (Ghanaian Cedi) - ZAR (South African Rand) - TZS (Tanzanian Shilling) - UGX (Ugandan Shilling) - ZMW (Zambian Kwacha) - XAF (Central African CFA Franc - Cameroon) - XOF (West African CFA Franc - Ivory Coast, Benin) - CDF (Congolese Franc - Democratic Republic of Congo) - 🌐 Global Currencies: - USD (US Dollar) - GBP (British Pound) - EUR (Euro) - 🪙 Digital Assets (Stablecoins): - USDT (Tether Stablecoin) - USDC (USD Coin Stablecoin) Note: More currencies are continuously added as Niobi expands. Contact support@niobi.co to formally request specialized currency support for your workspace. 🧭 Accessing Your Currency Accounts - Log in to Niobi: Go to app.niobi.co and enter your credentials. - Open the Wallet Dashboard: Look at the fixed left navigation menu and click on My Accounts. - View Balances: The next screen immediately displays all your currently active currency wallets and their individual balances. 📥 Opening/Closing a Currency Account - Initiate Setup: Look at the fixed left navigation menu, open your Workspace section, and click on Currency Accounts. - View Available Options: The workspace will immediately display a complete list of all supported African, global, and stablecoin currencies. - Add or Remove Currencies: The system uses an intuitive checkmark system to manage active wallets: - To Add a New Currency: Simply click and check the box next to your desired asset. Niobi instantly provisions a unique account architecture for that wallet. - To Remove an Active Currency: Simply uncheck the box next to any asset you no longer want to dis