How To Fix IGN001 - Currency & does not exist. Check your entry

SAP Error Message - Details

• Message type: E = Error

• Message class: IGN - Messages for Function Class IGN

• Message number: 001

• Message text: Currency & does not exist. Check your entry

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message IGN001 - Currency & does not exist. Check your entry ?

  The SAP error message "IGN001 Currency & does not exist. Check your entry" typically occurs when a currency code that is being used in a transaction or configuration does not exist in the system. This can happen in various contexts, such as during the posting of financial documents, creating purchase orders, or entering data in other modules that require currency information.
  Cause:
  
  Invalid Currency Code: The currency code entered does not match any of the currency codes defined in the system.
  Currency Not Activated: The currency may exist in the system but is not activated for the specific company code or controlling area.
  Typographical Error: There may be a simple typo in the currency code entered.
  Missing Configuration: The currency might not be configured properly in the system settings.
  
  Solution:
  
  Check Currency Code: Verify that the currency code entered is correct. Ensure that it matches the standard currency codes (e.g., USD for US Dollar, EUR for Euro).
  Transaction Code: Use transaction code OB08 to check the list of currencies defined in the system. Ensure that the currency you are trying to use is listed there.
  Activate Currency: If the currency exists but is not activated for the relevant company code, you may need to activate it. This can be done in the configuration settings.
  Configuration Settings: Ensure that the currency is properly configured in the relevant settings, such as in the company code settings or in the controlling area.
  Consult Documentation: If you are unsure about the currency codes or configurations, refer to SAP documentation or consult with your SAP administrator.
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain Table TCURC (Currency Codes)
  OBY6: Define Company Code Global Parameters (to check currency settings)
  
  
  SAP Notes: Check SAP Notes for any known issues or updates related to currency handling.
  User Authorization: Ensure that you have the necessary authorizations to view or modify currency settings in the system.
  
  If the issue persists after checking these points, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial modules.