How To Fix 70120 - Incorrect currency &1 (see input help)

70120 - Overview

• Message type: E = Error

• Message class: 70 - HR: Messages in Master Data Reporting

• Message number: 120

• Message text: Incorrect currency &1 (see input help)

What causes this issue?

Currency &V1& is not valid. You can only use currencies from those
countries that have defined a dual currency phase in the <LS>Valid
Country Currencies</> table (T500W). In this table, the validity period
of the old national currency and the new currency (Euro) is specified
for each country. These two entries provide the basis of the dual
currency phase.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Enter the valid currency, or maintain the dual currency phase in the
<LS>Valid Country Currencies</> table (T500W).

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 70120 - Incorrect currency &1 (see input help) ?

  The SAP error message 70120, which states "Incorrect currency &1 (see input help)," typically occurs when there is an issue with the currency code being used in a transaction or data entry. This error can arise in various contexts, such as during the posting of financial documents, creating purchase orders, or entering data in other modules that involve currency.
  
  Cause:
  
  Invalid Currency Code: The currency code entered does not exist in the system or is not recognized by SAP.
  Inactive Currency: The currency may be inactive or not configured properly in the system.
  Currency Not Allowed: The currency may not be allowed for the specific transaction type or company code.
  
  Configuration Issues: There may be issues with the configuration of currency settings in the system.
  
  
  Solution:
  
  Check Currency Code: Verify that the currency code entered is correct. You can use the input help (F4) to see a list of valid currency codes.
  Activate Currency: If the currency is