How To Fix PRC_PRI116 - Currency &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: PRC_PRI - Messages for Pricing Engine

• Message number: 116

• Message text: Currency &1 does not exist

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 PRC_PRI116 - Currency &1 does not exist ?

  The SAP error message PRC_PRI116, which states "Currency &1 does not exist," typically occurs in the context of pricing or financial transactions where a currency code is either not recognized or not defined in the system. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Undefined Currency: The currency code specified in the transaction does not exist in the SAP system. This could happen if the currency was not set up in the system or if there was a typo in the currency code.
  Missing Configuration: The currency may not be configured properly in the relevant SAP modules (e.g., FI, CO, MM).
  Data Entry Error: The user may have entered an incorrect currency code in the transaction.
  Master Data Issues: The currency might not be assigned to the relevant master data (e.g., vendor, customer, material).
  
  Solution:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 to check if the currency is defined in the system.
  If the currency is missing, you can add it by creating a new entry.
  
  
  
  Verify Transaction Data:
  
  Review the transaction where the error occurred to ensure that the currency code is correct and matches the expected format.
  Ensure that the currency is supported for the specific transaction type.
  
  
  
  Check Master Data:
  
  Ensure that the relevant master data (e.g., customer, vendor, or material) is correctly set up with the appropriate currency.
  You can check this in the respective master data transaction (e.g., XD03 for customers, MK03 for vendors).
  
  
  
  Consult with SAP Basis or Functional Team:
  
  If you are unable to resolve the issue, consult with your SAP Basis or functional team to ensure that the currency is properly configured in the system.
  
  
  
  Review Documentation:
  
  Check SAP documentation or help resources for any specific notes related to the currency configuration in your version of SAP.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain exchange rates.
  XD03: Display customer master data.
  MK03: Display vendor master data.
  
  
  
  SAP Notes: Search for relevant SAP Notes in the SAP Support Portal that may address this specific error or provide additional troubleshooting steps.
  
  
  Currency Types: Ensure that the currency type (e.g., transaction currency, local currency) is correctly defined in the system.
  
  
  By following these steps, you should be able to identify the cause of the PRC_PRI116 error and implement a solution to resolve it.