How To Fix FARR_RAI453 - Currency &1 is unknown

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 453

• Message text: Currency &1 is unknown

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_RAI453 - Currency &1 is unknown ?

  The SAP error message FARR_RAI453 indicating that "Currency &1 is unknown" typically arises in the context of financial transactions, particularly in the Asset Accounting (FI-AA) module. This error suggests that the system does not recognize the currency specified in the transaction or configuration.
  Causes:
  
  Incorrect Currency Code: The currency code used in the transaction may be misspelled or not defined in the system.
  Missing Currency Configuration: The currency may not be configured in the system settings, such as in the currency types or in the relevant company code settings.
  Inactive Currency: The currency might be inactive or not allowed for the specific transaction type.
  Master Data Issues: The master data for the asset or transaction may not have the correct currency settings.
  
  Solutions:
  
  Check Currency Code: Verify that the currency code used in the transaction is correct and matches the standard ISO currency codes.
  Configure Currency in SAP:
  
  Go to SPRO (SAP Reference IMG) and navigate to Financial Accounting (New) > Financial Accounting Global Settings > Currencies.
  Ensure that the currency is defined and active for the relevant company code.
  
  
  Review Company Code Settings: Check the settings for the company code to ensure that the currency is allowed and properly configured.
  Check Master Data: Review the asset master data or any relevant transaction data to ensure that the currency is correctly assigned.
  Transaction Type Settings: Ensure that the transaction type being used allows for the specified currency.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB08 (to maintain exchange rates) or OBA3 (to check currency settings) to manage currency configurations.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Documentation: Refer to SAP documentation for Asset Accounting to understand how currencies are managed within the module.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Asset Accounting.