How To Fix T0016 - The payment currency is the same as the local currency

SAP Error Message - Details

• Message type: E = Error

• Message class: T0 - General Treasury

• Message number: 016

• Message text: The payment currency is the same as the local currency

What causes this issue?

You have entered an exchange rate for the local currency. Since payment
is made in local currency, there is no need to convert this amount.

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?

Delete the local currency exchange rate.

Error message extract from SAP system. Copyright SAP SE.

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• What is the cause and solution for SAP error message T0016 - The payment currency is the same as the local currency ?

  The SAP error message T0016, which states "The payment currency is the same as the local currency," typically occurs in the context of financial transactions, particularly when dealing with payment processing in accounts payable or accounts receivable. This error indicates that the system has detected that the payment currency being used is identical to the local currency of the company code, which may not be allowed based on the configuration or the specific transaction being processed.
  
  Cause:
  
  Configuration Settings: The company code may be configured to require a different payment currency than the local currency for certain transactions.
  Transaction Type: The type of transaction being processed may not support payments in the local currency.
  Payment Method: The payment method being used may have restrictions that prevent payments in the local currency.
  Currency Settings: The settings for the vendor or customer master data may not allow for payments in the local currency.
  
  
  Solution:
  
  
  Check Configuration: Review the configuration