How To Fix FR011 - This currency type cannot be used here

FR011 - Overview

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 011

• Message text: This currency type cannot be used here

What causes this issue?

For the remeasurement, the valuation difference determined, from, for
example, company code currency into another currency type, for example,
group currency, is translated and posted.
The translation (remeasurement) must therefore be carried out in a
different currency type.

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?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FR011 - Details

• The SAP error message FR011, which states "This currency type cannot be used here," typically occurs in the context of financial transactions or reporting where a specific currency type is not allowed or recognized in the current context. This error can arise in various modules, including Financial Accounting (FI), Controlling (CO), or when dealing with currency conversion.
  Causes:
  
  Incorrect Currency Type: The currency type being used in the transaction or report is not valid for the specific context (e.g., it may be a local currency, but the transaction requires a document currency).
  
  Configuration Issues: The currency type may not be configured correctly in the system settings, or it may not be assigned to the relevant company code or controlling area.
  Transaction Type Restrictions: Certain transaction types may only allow specific currency types, and using an unsupported currency type will trigger this error.
  Master Data Issues: The master data (e.g., vendor, customer, or material) may have