How To Fix RE398 - Currency &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: RE - Earmarked funds

• Message number: 398

• 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.

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

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Smart SAP Assistant

• What is the cause and solution for SAP error message RE398 - Currency &1 does not exist ?

  The SAP error message RE398, which states "Currency &1 does not exist," typically occurs when the system encounters a currency code that is not recognized or defined in the system. This can happen in various contexts, such as during the processing of financial transactions, reporting, or when working with currency conversion.
  Causes:
  
  Undefined Currency: The currency code being used is not defined in the SAP system.
  Incorrect Configuration: The currency may not be properly configured in the relevant settings, such as in the company code or controlling area.
  Data Entry Error: There may be a typographical error in the currency code entered by the user.
  Missing Currency in Master Data: The currency may not be included in the master data for the relevant financial documents or transactions.
  Currency Type Issues: The currency might not be set up for the specific type of transaction being processed.
  
  Solutions:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 to check the currency settings.
  Ensure that the currency code in question is defined and active.
  
  
  
  Verify Data Entry:
  
  Double-check the currency code for any typographical errors.
  Ensure that the correct currency code is being used in the transaction.
  
  
  
  Update Master Data:
  
  If the currency is missing from the master data, you may need to add it. This can involve updating vendor, customer, or material master records.
  
  
  
  Review Company Code Settings:
  
  Ensure that the currency is assigned to the relevant company code. You can check this in the company code settings (transaction code OBY6).
  
  
  
  Consult with SAP Basis or Functional Team:
  
  If the issue persists, it may be necessary to consult with your SAP Basis or functional team to investigate further, especially if there are underlying configuration issues.
  
  
  
  Check for Currency Type:
  
  Ensure that the currency is set up for the specific type of transaction you are trying to process (e.g., local currency, document currency).
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Define Currencies), OBY6 (Define Company Code), and FS00 (G/L Account Master).
  SAP Notes: Check SAP Notes for any known issues or patches related to currency handling.
  Documentation: Review SAP documentation for currency management and configuration to ensure compliance with best practices.
  
  By following these steps, you should be able to identify and resolve the cause of the RE398 error in SAP.