diff --git a/InvenTree/stock/views.py b/InvenTree/stock/views.py
index 1d58647d5a..88c2274ddc 100644
--- a/InvenTree/stock/views.py
+++ b/InvenTree/stock/views.py
@@ -14,6 +14,8 @@ from django.urls import reverse
 
 from django.utils.translation import ugettext as _
 
+from moneyed import CURRENCIES
+
 from InvenTree.views import AjaxView
 from InvenTree.views import AjaxUpdateView, AjaxDeleteView, AjaxCreateView
 from InvenTree.views import QRCodeView
@@ -32,6 +34,8 @@ from report.models import TestReport
 from label.models import StockItemLabel
 from .models import StockItem, StockLocation, StockItemTracking, StockItemAttachment, StockItemTestResult
 
+import common.settings
+
 from .admin import StockItemResource
 
 from . import forms as StockForms
@@ -1572,6 +1576,8 @@ class StockItemCreate(AjaxCreateView):
             initials['location'] = part.get_default_location()
             initials['supplier_part'] = part.default_supplier
 
+        currency_code = common.settings.currency_code_default()
+
         # SupplierPart field has been specified
         # It must match the Part, if that has been supplied
         if sup_part_id:
@@ -1581,6 +1587,8 @@ class StockItemCreate(AjaxCreateView):
                 if part is None or supplier_part.part == part:
                     initials['supplier_part'] = supplier_part
 
+                    currency_code = supplier_part.supplier.currency_code
+
             except (ValueError, SupplierPart.DoesNotExist):
                 pass
 
@@ -1592,6 +1600,11 @@ class StockItemCreate(AjaxCreateView):
             except (ValueError, StockLocation.DoesNotExist):
                 pass
 
+        currency = CURRENCIES.get(currency_code, None)
+
+        if currency:
+            initials['purchase_price'] = (None, currency)
+
         return initials
 
     def post(self, request, *args, **kwargs):