diff --git a/docs/docs/settings/currency.md b/docs/docs/settings/currency.md
index 6ceb9d0d4b..4a2e7834f5 100644
--- a/docs/docs/settings/currency.md
+++ b/docs/docs/settings/currency.md
@@ -6,13 +6,13 @@ title: Currency Support
 
 InvenTree provides support for multiple currencies, allowing pricing information to be stored with base currency rates.
 
-### Configuration
+### Supported Currencies
 
-To specify which currencies are supported, refer to the [currency configuration](../start/config.md#supported-currencies) section
+InvenTree uses the [django-money](https://github.com/django-money/django-money) library, which in turn uses the [py-moneyed library](https://py-moneyed.readthedocs.io/en/latest/index.html). `py-moneyed` supports any currency which is defined in the [ISO 3166 standard](https://en.wikipedia.org/wiki/List_of_ISO_3166_country_codes) standard.
 
 ### Currency Conversion
 
-Currency conversion is provided via the [django-money](https://github.com/django-money/django-money) library. Pricing data can be converted seamlessly between the available currencies.
+Currency conversion is provided via the `django-money` library. Pricing data can be converted seamlessly between the available currencies.
 
 ### Currency Rate Updates
 
@@ -26,6 +26,11 @@ If a different currency exchange backend is needed, or a custom implementation i
 
 In the [settings screen](./global.md), under the *Pricing* section, the following currency settings are available:
 
-{% with id="currency-settings", url="settings/currency.png", description="Currency Exchange Settings" %}
-{% include 'img.html' %}
-{% endwith %}
+| Setting | Description | Default Value |
+| --- | --- |
+| Default Currency | The selected *default* currency for the system. | USD |
+| Supported Currencies | The list of supported currencies for the system. | AUD, CAD, CNY, EUR, GBP, JPY, NZD, USD |
+
+#### Supported Currencies
+
+While InvenTree can support any of the currencies defined in the ISO 3166 standard, the list of supported currencies can be limited to only those which are relevant to the user. The supported currencies are used to populate the currency selection dropdowns throughout the InvenTree interface.
diff --git a/docs/docs/start/config.md b/docs/docs/start/config.md
index 13d2aebe98..98498f25fc 100644
--- a/docs/docs/start/config.md
+++ b/docs/docs/start/config.md
@@ -256,19 +256,6 @@ The "sender" email address is the address from which InvenTree emails are sent (
 !!! info "Fallback"
     If `INVENTREE_EMAIL_SENDER` is not provided, the system will fall back to `INVENTREE_EMAIL_USERNAME` (if the username is a valid email address)
 
-## Supported Currencies
-
-The currencies supported by InvenTree must be specified in the [configuration file](#configuration-file).
-
-A list of currency codes (e.g. *AUD*, *CAD*, *JPY*, *USD*) can be specified using the `currencies` variable (or using the `INVENTREE_CURRENCIES` environment variable).
-
-| Environment Variable | Configuration File | Description | Default |
-| --- | --- | --- | --- |
-| INVENTREE_CURRENCIES | currencies | List of supported currencies| `AUD`, `CAD`, `CNY`, `EUR`, `GBP`, `JPY`, `NZD`, `USD` |
-
-!!! tip "More Info"
-    Read the [currencies documentation](../settings/currency.md) for more information on currency support in InvenTree
-
 ## File Storage Locations
 
 InvenTree requires some external directories for storing files:
diff --git a/src/backend/InvenTree/InvenTree/api_version.py b/src/backend/InvenTree/InvenTree/api_version.py
index 195b1631c3..e6c00a36a1 100644
--- a/src/backend/InvenTree/InvenTree/api_version.py
+++ b/src/backend/InvenTree/InvenTree/api_version.py
@@ -1,12 +1,15 @@
 """InvenTree API version information."""
 
 # InvenTree API version
-INVENTREE_API_VERSION = 202
+INVENTREE_API_VERSION = 203
 
 """Increment this API version number whenever there is a significant change to the API that any clients need to know about."""
 
 INVENTREE_API_TEXT = """
 
+v203 - 2024-06-03 : https://github.com/inventree/InvenTree/pull/7390
+    - Adjust default currency codes
+
 v202 - 2024-05-27 : https://github.com/inventree/InvenTree/pull/7343
     - Adjust "required" attribute of Part.category field to be optional
 
diff --git a/src/backend/InvenTree/InvenTree/apps.py b/src/backend/InvenTree/InvenTree/apps.py
index c10a2e156e..d4ecadeaf4 100644
--- a/src/backend/InvenTree/InvenTree/apps.py
+++ b/src/backend/InvenTree/InvenTree/apps.py
@@ -185,7 +185,7 @@ class InvenTreeConfig(AppConfig):
         try:
             from djmoney.contrib.exchange.models import ExchangeBackend
 
-            from common.settings import currency_code_default
+            from common.currency import currency_code_default
             from InvenTree.tasks import update_exchange_rates
         except AppRegistryNotReady:  # pragma: no cover
             pass
diff --git a/src/backend/InvenTree/InvenTree/exchange.py b/src/backend/InvenTree/InvenTree/exchange.py
index 88584b43cc..2b118b696e 100644
--- a/src/backend/InvenTree/InvenTree/exchange.py
+++ b/src/backend/InvenTree/InvenTree/exchange.py
@@ -7,7 +7,7 @@ from django.db.transaction import atomic
 from djmoney.contrib.exchange.backends.base import SimpleExchangeBackend
 from djmoney.contrib.exchange.models import ExchangeBackend, Rate
 
-from common.settings import currency_code_default, currency_codes
+from common.currency import currency_code_default, currency_codes
 
 logger = logging.getLogger('inventree')
 
diff --git a/src/backend/InvenTree/InvenTree/fields.py b/src/backend/InvenTree/InvenTree/fields.py
index f4dc686212..9dd0d81fb0 100644
--- a/src/backend/InvenTree/InvenTree/fields.py
+++ b/src/backend/InvenTree/InvenTree/fields.py
@@ -59,7 +59,7 @@ class InvenTreeURLField(models.URLField):
 
 def money_kwargs(**kwargs):
     """Returns the database settings for MoneyFields."""
-    from common.settings import currency_code_default, currency_code_mappings
+    from common.currency import currency_code_default, currency_code_mappings
 
     # Default values (if not specified)
     if 'max_digits' not in kwargs:
diff --git a/src/backend/InvenTree/InvenTree/helpers.py b/src/backend/InvenTree/InvenTree/helpers.py
index 54b2e9ee39..a3ca2ffaf5 100644
--- a/src/backend/InvenTree/InvenTree/helpers.py
+++ b/src/backend/InvenTree/InvenTree/helpers.py
@@ -28,7 +28,7 @@ from djmoney.money import Money
 from PIL import Image
 
 import InvenTree.version
-from common.settings import currency_code_default
+from common.currency import currency_code_default
 
 from .settings import MEDIA_URL, STATIC_URL
 
diff --git a/src/backend/InvenTree/InvenTree/serializers.py b/src/backend/InvenTree/InvenTree/serializers.py
index 08c53d20e5..d0b4ed8ac9 100644
--- a/src/backend/InvenTree/InvenTree/serializers.py
+++ b/src/backend/InvenTree/InvenTree/serializers.py
@@ -23,7 +23,7 @@ from rest_framework.utils import model_meta
 from taggit.serializers import TaggitSerializer
 
 import common.models as common_models
-from common.settings import currency_code_default, currency_code_mappings
+from common.currency import currency_code_default, currency_code_mappings
 from InvenTree.fields import InvenTreeRestURLField, InvenTreeURLField
 
 
diff --git a/src/backend/InvenTree/InvenTree/settings.py b/src/backend/InvenTree/InvenTree/settings.py
index 7cf73a18b5..7aed4489a5 100644
--- a/src/backend/InvenTree/InvenTree/settings.py
+++ b/src/backend/InvenTree/InvenTree/settings.py
@@ -20,7 +20,6 @@ from django.core.validators import URLValidator
 from django.http import Http404
 from django.utils.translation import gettext_lazy as _
 
-import moneyed
 import pytz
 from dotenv import load_dotenv
 
@@ -904,28 +903,9 @@ if get_boolean_setting('TEST_TRANSLATIONS', default_value=False):  # pragma: no
     LANG_INFO = dict(django.conf.locale.LANG_INFO, **EXTRA_LANG_INFO)
     django.conf.locale.LANG_INFO = LANG_INFO
 
-# Currencies available for use
-CURRENCIES = get_setting(
-    'INVENTREE_CURRENCIES',
-    'currencies',
-    ['AUD', 'CAD', 'CNY', 'EUR', 'GBP', 'JPY', 'NZD', 'USD'],
-    typecast=list,
-)
-
-# Ensure that at least one currency value is available
-if len(CURRENCIES) == 0:  # pragma: no cover
-    logger.warning('No currencies selected: Defaulting to USD')
-    CURRENCIES = ['USD']
-
 # Maximum number of decimal places for currency rendering
 CURRENCY_DECIMAL_PLACES = 6
 
-# Check that each provided currency is supported
-for currency in CURRENCIES:
-    if currency not in moneyed.CURRENCIES:  # pragma: no cover
-        logger.error("Currency code '%s' is not supported", currency)
-        sys.exit(1)
-
 # Custom currency exchange backend
 EXCHANGE_BACKEND = 'InvenTree.exchange.InvenTreeExchange'
 
diff --git a/src/backend/InvenTree/InvenTree/tasks.py b/src/backend/InvenTree/InvenTree/tasks.py
index 4356509e12..9b8366ef82 100644
--- a/src/backend/InvenTree/InvenTree/tasks.py
+++ b/src/backend/InvenTree/InvenTree/tasks.py
@@ -571,8 +571,8 @@ def update_exchange_rates(force: bool = False):
     try:
         from djmoney.contrib.exchange.models import Rate
 
+        from common.currency import currency_code_default, currency_codes
         from common.models import InvenTreeSetting
-        from common.settings import currency_code_default, currency_codes
         from InvenTree.exchange import InvenTreeExchange
     except AppRegistryNotReady:  # pragma: no cover
         # Apps not yet loaded!
diff --git a/src/backend/InvenTree/InvenTree/templatetags/inventree_extras.py b/src/backend/InvenTree/InvenTree/templatetags/inventree_extras.py
index 48fbe7ba99..c6408d8f34 100644
--- a/src/backend/InvenTree/InvenTree/templatetags/inventree_extras.py
+++ b/src/backend/InvenTree/InvenTree/templatetags/inventree_extras.py
@@ -16,7 +16,7 @@ import common.models
 import InvenTree.helpers
 import InvenTree.helpers_model
 import plugin.models
-from common.settings import currency_code_default
+from common.currency import currency_code_default
 from InvenTree import settings, version
 from plugin import registry
 from plugin.plugin import InvenTreePlugin
diff --git a/src/backend/InvenTree/InvenTree/tests.py b/src/backend/InvenTree/InvenTree/tests.py
index 891759c885..165c981edd 100644
--- a/src/backend/InvenTree/InvenTree/tests.py
+++ b/src/backend/InvenTree/InvenTree/tests.py
@@ -29,8 +29,8 @@ import InvenTree.format
 import InvenTree.helpers
 import InvenTree.helpers_model
 import InvenTree.tasks
+from common.currency import currency_codes
 from common.models import CustomUnit, InvenTreeSetting
-from common.settings import currency_codes
 from InvenTree.helpers_mixin import ClassProviderMixin, ClassValidationMixin
 from InvenTree.sanitizer import sanitize_svg
 from InvenTree.unit_test import InvenTreeTestCase
diff --git a/src/backend/InvenTree/InvenTree/views.py b/src/backend/InvenTree/InvenTree/views.py
index 05f69531a1..176e704b19 100644
--- a/src/backend/InvenTree/InvenTree/views.py
+++ b/src/backend/InvenTree/InvenTree/views.py
@@ -25,8 +25,8 @@ from allauth.socialaccount.views import ConnectionsView
 from djmoney.contrib.exchange.models import ExchangeBackend, Rate
 from user_sessions.views import SessionDeleteOtherView, SessionDeleteView
 
+import common.currency
 import common.models as common_models
-import common.settings as common_settings
 from part.models import PartCategory
 from users.models import RuleSet, check_user_role
 
@@ -506,8 +506,8 @@ class SettingsView(TemplateView):
 
         ctx['settings'] = common_models.InvenTreeSetting.objects.all().order_by('key')
 
-        ctx['base_currency'] = common_settings.currency_code_default()
-        ctx['currencies'] = common_settings.currency_codes
+        ctx['base_currency'] = common.currency.currency_code_default()
+        ctx['currencies'] = common.currency.currency_codes
 
         ctx['rates'] = Rate.objects.filter(backend='InvenTreeExchange')
 
diff --git a/src/backend/InvenTree/common/currency.py b/src/backend/InvenTree/common/currency.py
new file mode 100644
index 0000000000..542f81d1fc
--- /dev/null
+++ b/src/backend/InvenTree/common/currency.py
@@ -0,0 +1,226 @@
+"""Helper functions for currency support."""
+
+import decimal
+import logging
+import math
+
+from django.core.cache import cache
+from django.core.exceptions import ValidationError
+from django.utils.translation import gettext_lazy as _
+
+from moneyed import CURRENCIES
+
+import InvenTree.helpers
+
+logger = logging.getLogger('inventree')
+
+
+def currency_code_default():
+    """Returns the default currency code (or USD if not specified)."""
+    from common.models import InvenTreeSetting
+
+    try:
+        cached_value = cache.get('currency_code_default', '')
+    except Exception:
+        cached_value = None
+
+    if cached_value:
+        return cached_value
+
+    try:
+        code = InvenTreeSetting.get_setting(
+            'INVENTREE_DEFAULT_CURRENCY', backup_value='', create=True, cache=True
+        )
+    except Exception:  # pragma: no cover
+        # Database may not yet be ready, no need to throw an error here
+        code = ''
+
+    if code not in CURRENCIES:
+        code = 'USD'  # pragma: no cover
+
+    # Cache the value for a short amount of time
+    try:
+        cache.set('currency_code_default', code, 30)
+    except Exception:
+        pass
+
+    return code
+
+
+def all_currency_codes() -> list:
+    """Returns a list of all currency codes."""
+    return [(a, CURRENCIES[a].name) for a in CURRENCIES]
+
+
+def currency_codes_default_list() -> str:
+    """Return a comma-separated list of default currency codes."""
+    return 'AUD,CAD,CNY,EUR,GBP,JPY,NZD,USD'
+
+
+def currency_codes() -> list:
+    """Returns the current currency codes."""
+    from common.models import InvenTreeSetting
+
+    codes = InvenTreeSetting.get_setting('CURRENCY_CODES', '', create=False).strip()
+
+    if not codes:
+        codes = currency_codes_default_list()
+
+    codes = codes.split(',')
+
+    valid_codes = set()
+
+    for code in codes:
+        code = code.strip().upper()
+
+        if code in CURRENCIES:
+            valid_codes.add(code)
+        else:
+            logger.warning(f"Invalid currency code: '{code}'")
+
+    if len(valid_codes) == 0:
+        valid_codes = set(currency_codes_default_list().split(','))
+
+    return list(valid_codes)
+
+
+def currency_code_mappings() -> list:
+    """Returns the current currency choices."""
+    return [(a, CURRENCIES[a].name) for a in currency_codes()]
+
+
+def after_change_currency(setting) -> None:
+    """Callback function when base currency is changed.
+
+    - Update exchange rates
+    - Recalculate prices for all parts
+    """
+    import InvenTree.ready
+    import InvenTree.tasks
+
+    if InvenTree.ready.isImportingData():
+        return
+
+    if not InvenTree.ready.canAppAccessDatabase():
+        return
+
+    from part import tasks as part_tasks
+
+    # Immediately update exchange rates
+    InvenTree.tasks.update_exchange_rates(force=True)
+
+    # Offload update of part prices to a background task
+    InvenTree.tasks.offload_task(part_tasks.check_missing_pricing, force_async=True)
+
+
+def validate_currency_codes(value):
+    """Validate the currency codes."""
+    values = value.strip().split(',')
+
+    valid_currencies = set()
+
+    for code in values:
+        code = code.strip().upper()
+
+        if not code:
+            continue
+
+        if code not in CURRENCIES:
+            raise ValidationError(_('Invalid currency code') + f": '{code}'")
+        elif code in valid_currencies:
+            raise ValidationError(_('Duplicate currency code') + f": '{code}'")
+        else:
+            valid_currencies.add(code)
+
+    if len(valid_currencies) == 0:
+        raise ValidationError(_('No valid currency codes provided'))
+
+    return list(valid_currencies)
+
+
+def currency_exchange_plugins() -> list:
+    """Return a list of plugin choices which can be used for currency exchange."""
+    try:
+        from plugin import registry
+
+        plugs = registry.with_mixin('currencyexchange', active=True)
+    except Exception:
+        plugs = []
+
+    return [('', _('No plugin'))] + [(plug.slug, plug.human_name) for plug in plugs]
+
+
+def get_price(
+    instance,
+    quantity,
+    moq=True,
+    multiples=True,
+    currency=None,
+    break_name: str = 'price_breaks',
+):
+    """Calculate the price based on quantity price breaks.
+
+    - Don't forget to add in flat-fee cost (base_cost field)
+    - If MOQ (minimum order quantity) is required, bump quantity
+    - If order multiples are to be observed, then we need to calculate based on that, too
+    """
+    from common.currency import currency_code_default
+
+    if hasattr(instance, break_name):
+        price_breaks = getattr(instance, break_name).all()
+    else:
+        price_breaks = []
+
+    # No price break information available?
+    if len(price_breaks) == 0:
+        return None
+
+    # Check if quantity is fraction and disable multiples
+    multiples = quantity % 1 == 0
+
+    # Order multiples
+    if multiples:
+        quantity = int(math.ceil(quantity / instance.multiple) * instance.multiple)
+
+    pb_found = False
+    pb_quantity = -1
+    pb_cost = 0.0
+
+    if currency is None:
+        # Default currency selection
+        currency = currency_code_default()
+
+    pb_min = None
+    for pb in price_breaks:
+        # Store smallest price break
+        if not pb_min:
+            pb_min = pb
+
+        # Ignore this pricebreak (quantity is too high)
+        if pb.quantity > quantity:
+            continue
+
+        pb_found = True
+
+        # If this price-break quantity is the largest so far, use it!
+        if pb.quantity > pb_quantity:
+            pb_quantity = pb.quantity
+
+            # Convert everything to the selected currency
+            pb_cost = pb.convert_to(currency)
+
+    # Use smallest price break
+    if not pb_found and pb_min:
+        # Update price break information
+        pb_quantity = pb_min.quantity
+        pb_cost = pb_min.convert_to(currency)
+        # Trigger cost calculation using smallest price break
+        pb_found = True
+
+    # Convert quantity to decimal.Decimal format
+    quantity = decimal.Decimal(f'{quantity}')
+
+    if pb_found:
+        cost = pb_cost * quantity
+        return InvenTree.helpers.normalize(cost + instance.base_cost)
+    return None
diff --git a/src/backend/InvenTree/common/migrations/0010_migrate_currency_setting.py b/src/backend/InvenTree/common/migrations/0010_migrate_currency_setting.py
index 09b0100db4..116d139be8 100644
--- a/src/backend/InvenTree/common/migrations/0010_migrate_currency_setting.py
+++ b/src/backend/InvenTree/common/migrations/0010_migrate_currency_setting.py
@@ -9,7 +9,7 @@ def set_default_currency(apps, schema_editor):
     # get value from settings-file
     base_currency = get_setting('INVENTREE_BASE_CURRENCY', 'base_currency', 'USD')
 
-    from common.settings import currency_codes
+    from common.currency import currency_codes
 
     # check if value is valid
     if base_currency not in currency_codes():
diff --git a/src/backend/InvenTree/common/migrations/0023_auto_20240602_1332.py b/src/backend/InvenTree/common/migrations/0023_auto_20240602_1332.py
new file mode 100644
index 0000000000..a311af62ac
--- /dev/null
+++ b/src/backend/InvenTree/common/migrations/0023_auto_20240602_1332.py
@@ -0,0 +1,73 @@
+# Generated by Django 4.2.12 on 2024-06-02 13:32
+
+from django.db import migrations
+
+from moneyed import CURRENCIES
+
+import InvenTree.config
+
+
+def set_currencies(apps, schema_editor):
+    """Set the default currency codes.
+    
+    Ref: https://github.com/inventree/InvenTree/pull/7390
+    
+    Previously, the allowed currency codes were set in the external configuration
+    (e.g via the configuration file or environment variables).
+
+    Now, they are set in the database (via the InvenTreeSetting model).
+
+    So, this data migration exists to transfer any configured currency codes,
+    from the external configuration, into the database settings model.
+    """
+
+    InvenTreeSetting = apps.get_model('common', 'InvenTreeSetting')
+
+    key = 'CURRENCY_CODES'
+    
+    codes = InvenTree.config.get_setting('INVENTREE_CURRENCIES', 'currencies', None)
+
+    if codes is None:
+        # No currency codes are defined in the configuration file
+        return
+
+    if type(codes) == str:
+        codes = codes.split(',')
+
+    valid_codes = set()
+
+    for code in codes:
+        code = code.strip().upper()
+
+        if code in CURRENCIES:
+            valid_codes.add(code)
+    
+    if len(valid_codes) == 0:
+        print(f"No valid currency codes found in configuration file")
+        return
+    
+    value = ','.join(valid_codes)
+    print(f"Found existing currency codes:", value)
+
+    setting = InvenTreeSetting.objects.filter(key=key).first()
+
+    if setting:
+        print(f"Updating existing setting for currency codes")
+        setting.value = value
+        setting.save()
+    else:
+        print(f"Creating new setting for currency codes")
+        setting = InvenTreeSetting(key=key, value=value)
+        setting.save()
+
+
+
+class Migration(migrations.Migration):
+
+    dependencies = [
+        ('common', '0022_projectcode_responsible'),
+    ]
+
+    operations = [
+        migrations.RunPython(set_currencies, reverse_code=migrations.RunPython.noop)
+    ]
diff --git a/src/backend/InvenTree/common/models.py b/src/backend/InvenTree/common/models.py
index a134167d02..417ef238e7 100644
--- a/src/backend/InvenTree/common/models.py
+++ b/src/backend/InvenTree/common/models.py
@@ -4,12 +4,10 @@ These models are 'generic' and do not fit a particular business logic object.
 """
 
 import base64
-import decimal
 import hashlib
 import hmac
 import json
 import logging
-import math
 import os
 import re
 import uuid
@@ -41,6 +39,7 @@ from djmoney.settings import CURRENCY_CHOICES
 from rest_framework.exceptions import PermissionDenied
 
 import build.validators
+import common.currency
 import InvenTree.fields
 import InvenTree.helpers
 import InvenTree.models
@@ -1160,39 +1159,6 @@ def validate_email_domains(setting):
             raise ValidationError(_(f'Invalid domain name: {domain}'))
 
 
-def currency_exchange_plugins():
-    """Return a set of plugin choices which can be used for currency exchange."""
-    try:
-        from plugin import registry
-
-        plugs = registry.with_mixin('currencyexchange', active=True)
-    except Exception:
-        plugs = []
-
-    return [('', _('No plugin'))] + [(plug.slug, plug.human_name) for plug in plugs]
-
-
-def after_change_currency(setting):
-    """Callback function when base currency is changed.
-
-    - Update exchange rates
-    - Recalculate prices for all parts
-    """
-    if InvenTree.ready.isImportingData():
-        return
-
-    if not InvenTree.ready.canAppAccessDatabase():
-        return
-
-    from part import tasks as part_tasks
-
-    # Immediately update exchange rates
-    InvenTree.tasks.update_exchange_rates(force=True)
-
-    # Offload update of part prices to a background task
-    InvenTree.tasks.offload_task(part_tasks.check_missing_pricing, force_async=True)
-
-
 def reload_plugin_registry(setting):
     """When a core plugin setting is changed, reload the plugin registry."""
     from plugin import registry
@@ -1305,8 +1271,15 @@ class InvenTreeSetting(BaseInvenTreeSetting):
             'name': _('Default Currency'),
             'description': _('Select base currency for pricing calculations'),
             'default': 'USD',
-            'choices': CURRENCY_CHOICES,
-            'after_save': after_change_currency,
+            'choices': common.currency.currency_code_mappings,
+            'after_save': common.currency.after_change_currency,
+        },
+        'CURRENCY_CODES': {
+            'name': _('Supported Currencies'),
+            'description': _('List of supported currency codes'),
+            'default': common.currency.currency_codes_default_list(),
+            'validator': common.currency.validate_currency_codes,
+            'after_save': common.currency.after_change_currency,
         },
         'CURRENCY_UPDATE_INTERVAL': {
             'name': _('Currency Update Interval'),
@@ -1320,7 +1293,7 @@ class InvenTreeSetting(BaseInvenTreeSetting):
         'CURRENCY_UPDATE_PLUGIN': {
             'name': _('Currency Update Plugin'),
             'description': _('Currency update plugin to use'),
-            'choices': currency_exchange_plugins,
+            'choices': common.currency.currency_exchange_plugins,
             'default': 'inventreecurrencyexchange',
         },
         'INVENTREE_DOWNLOAD_FROM_URL': {
@@ -2567,82 +2540,6 @@ class PriceBreak(MetaMixin):
         return converted.amount
 
 
-def get_price(
-    instance,
-    quantity,
-    moq=True,
-    multiples=True,
-    currency=None,
-    break_name: str = 'price_breaks',
-):
-    """Calculate the price based on quantity price breaks.
-
-    - Don't forget to add in flat-fee cost (base_cost field)
-    - If MOQ (minimum order quantity) is required, bump quantity
-    - If order multiples are to be observed, then we need to calculate based on that, too
-    """
-    from common.settings import currency_code_default
-
-    if hasattr(instance, break_name):
-        price_breaks = getattr(instance, break_name).all()
-    else:
-        price_breaks = []
-
-    # No price break information available?
-    if len(price_breaks) == 0:
-        return None
-
-    # Check if quantity is fraction and disable multiples
-    multiples = quantity % 1 == 0
-
-    # Order multiples
-    if multiples:
-        quantity = int(math.ceil(quantity / instance.multiple) * instance.multiple)
-
-    pb_found = False
-    pb_quantity = -1
-    pb_cost = 0.0
-
-    if currency is None:
-        # Default currency selection
-        currency = currency_code_default()
-
-    pb_min = None
-    for pb in price_breaks:
-        # Store smallest price break
-        if not pb_min:
-            pb_min = pb
-
-        # Ignore this pricebreak (quantity is too high)
-        if pb.quantity > quantity:
-            continue
-
-        pb_found = True
-
-        # If this price-break quantity is the largest so far, use it!
-        if pb.quantity > pb_quantity:
-            pb_quantity = pb.quantity
-
-            # Convert everything to the selected currency
-            pb_cost = pb.convert_to(currency)
-
-    # Use smallest price break
-    if not pb_found and pb_min:
-        # Update price break information
-        pb_quantity = pb_min.quantity
-        pb_cost = pb_min.convert_to(currency)
-        # Trigger cost calculation using smallest price break
-        pb_found = True
-
-    # Convert quantity to decimal.Decimal format
-    quantity = decimal.Decimal(f'{quantity}')
-
-    if pb_found:
-        cost = pb_cost * quantity
-        return InvenTree.helpers.normalize(cost + instance.base_cost)
-    return None
-
-
 class ColorTheme(models.Model):
     """Color Theme Setting."""
 
diff --git a/src/backend/InvenTree/common/settings.py b/src/backend/InvenTree/common/settings.py
index 3380def996..67a96c3510 100644
--- a/src/backend/InvenTree/common/settings.py
+++ b/src/backend/InvenTree/common/settings.py
@@ -1,61 +1,5 @@
 """User-configurable settings for the common app."""
 
-import logging
-
-from django.conf import settings
-from django.core.cache import cache
-
-from moneyed import CURRENCIES
-
-logger = logging.getLogger('inventree')
-
-
-def currency_code_default():
-    """Returns the default currency code (or USD if not specified)."""
-    from common.models import InvenTreeSetting
-
-    try:
-        cached_value = cache.get('currency_code_default', '')
-    except Exception:
-        cached_value = None
-
-    if cached_value:
-        return cached_value
-
-    try:
-        code = InvenTreeSetting.get_setting(
-            'INVENTREE_DEFAULT_CURRENCY', backup_value='', create=True, cache=True
-        )
-    except Exception:  # pragma: no cover
-        # Database may not yet be ready, no need to throw an error here
-        code = ''
-
-    if code not in CURRENCIES:
-        code = 'USD'  # pragma: no cover
-
-    # Cache the value for a short amount of time
-    try:
-        cache.set('currency_code_default', code, 30)
-    except Exception:
-        pass
-
-    return code
-
-
-def all_currency_codes():
-    """Returns a list of all currency codes."""
-    return [(a, CURRENCIES[a].name) for a in CURRENCIES]
-
-
-def currency_code_mappings():
-    """Returns the current currency choices."""
-    return [(a, CURRENCIES[a].name) for a in settings.CURRENCIES]
-
-
-def currency_codes():
-    """Returns the current currency codes."""
-    return list(settings.CURRENCIES)
-
 
 def stock_expiry_enabled():
     """Returns True if the stock expiry feature is enabled."""
diff --git a/src/backend/InvenTree/common/tests.py b/src/backend/InvenTree/common/tests.py
index 9a79609276..7aad13713c 100644
--- a/src/backend/InvenTree/common/tests.py
+++ b/src/backend/InvenTree/common/tests.py
@@ -372,6 +372,30 @@ class GlobalSettingsApiTest(InvenTreeAPITestCase):
         # Number of results should match the number of settings
         self.assertEqual(len(response.data), n_public_settings)
 
+    def test_currency_settings(self):
+        """Run tests for currency specific settings."""
+        url = reverse('api-global-setting-detail', kwargs={'key': 'CURRENCY_CODES'})
+
+        response = self.patch(url, data={'value': 'USD,XYZ'}, expected_code=400)
+
+        self.assertIn("Invalid currency code: 'XYZ'", str(response.data))
+
+        response = self.patch(
+            url, data={'value': 'AUD,USD, AUD,AUD,'}, expected_code=400
+        )
+
+        self.assertIn("Duplicate currency code: 'AUD'", str(response.data))
+
+        response = self.patch(url, data={'value': ',,,,,'}, expected_code=400)
+
+        self.assertIn('No valid currency codes provided', str(response.data))
+
+        response = self.patch(url, data={'value': 'AUD,USD,GBP'}, expected_code=200)
+
+        codes = InvenTreeSetting.get_setting('CURRENCY_CODES')
+
+        self.assertEqual(codes, 'AUD,USD,GBP')
+
     def test_company_name(self):
         """Test a settings object lifecycle e2e."""
         setting = InvenTreeSetting.get_setting_object('INVENTREE_COMPANY_NAME')
diff --git a/src/backend/InvenTree/company/migrations/0025_auto_20201110_1001.py b/src/backend/InvenTree/company/migrations/0025_auto_20201110_1001.py
index 117710daa7..f0db3f5f38 100644
--- a/src/backend/InvenTree/company/migrations/0025_auto_20201110_1001.py
+++ b/src/backend/InvenTree/company/migrations/0025_auto_20201110_1001.py
@@ -2,6 +2,7 @@
 
 from django.db import migrations, connection
 import djmoney.models.fields
+import common.currency
 import common.settings
 
 
@@ -16,11 +17,11 @@ class Migration(migrations.Migration):
         migrations.AddField(
             model_name='supplierpricebreak',
             name='price',
-            field=djmoney.models.fields.MoneyField(decimal_places=4, default_currency=common.settings.currency_code_default(), help_text='Unit price at specified quantity', max_digits=19, null=True, verbose_name='Price'),
+            field=djmoney.models.fields.MoneyField(decimal_places=4, default_currency=common.currency.currency_code_default(), help_text='Unit price at specified quantity', max_digits=19, null=True, verbose_name='Price'),
         ),
         migrations.AddField(
             model_name='supplierpricebreak',
             name='price_currency',
-            field=djmoney.models.fields.CurrencyField(choices=common.settings.currency_code_mappings(), default=common.settings.currency_code_default(), editable=False, max_length=3),
+            field=djmoney.models.fields.CurrencyField(choices=common.currency.currency_code_mappings(), default=common.currency.currency_code_default(), editable=False, max_length=3),
         ),
     ]
diff --git a/src/backend/InvenTree/company/migrations/0040_alter_company_currency.py b/src/backend/InvenTree/company/migrations/0040_alter_company_currency.py
index f26f470191..10c22b3367 100644
--- a/src/backend/InvenTree/company/migrations/0040_alter_company_currency.py
+++ b/src/backend/InvenTree/company/migrations/0040_alter_company_currency.py
@@ -1,6 +1,7 @@
 # Generated by Django 3.2.4 on 2021-07-02 13:21
 
 import InvenTree.validators
+import common.currency
 import common.settings
 from django.db import migrations, models
 
@@ -15,6 +16,6 @@ class Migration(migrations.Migration):
         migrations.AlterField(
             model_name='company',
             name='currency',
-            field=models.CharField(blank=True, default=common.settings.currency_code_default, help_text='Default currency used for this company', max_length=3, validators=[InvenTree.validators.validate_currency_code], verbose_name='Currency'),
+            field=models.CharField(blank=True, default=common.currency.currency_code_default, help_text='Default currency used for this company', max_length=3, validators=[InvenTree.validators.validate_currency_code], verbose_name='Currency'),
         ),
     ]
diff --git a/src/backend/InvenTree/company/models.py b/src/backend/InvenTree/company/models.py
index 4e102a160d..30b2dc5789 100644
--- a/src/backend/InvenTree/company/models.py
+++ b/src/backend/InvenTree/company/models.py
@@ -1,7 +1,6 @@
 """Company database model definitions."""
 
 import os
-from datetime import datetime
 from decimal import Decimal
 
 from django.apps import apps
@@ -20,6 +19,7 @@ from moneyed import CURRENCIES
 from stdimage.models import StdImageField
 from taggit.managers import TaggableManager
 
+import common.currency
 import common.models
 import common.settings
 import InvenTree.conversion
@@ -29,7 +29,7 @@ import InvenTree.models
 import InvenTree.ready
 import InvenTree.tasks
 import InvenTree.validators
-from common.settings import currency_code_default
+from common.currency import currency_code_default
 from InvenTree.fields import InvenTreeURLField, RoundingDecimalField
 from order.status_codes import PurchaseOrderStatusGroups
 
@@ -212,7 +212,7 @@ class Company(
         code = self.currency
 
         if code not in CURRENCIES:
-            code = common.settings.currency_code_default()
+            code = common.currency.currency_code_default()
 
         return code
 
@@ -967,7 +967,7 @@ class SupplierPart(
 
         SupplierPriceBreak.objects.create(part=self, quantity=quantity, price=price)
 
-    get_price = common.models.get_price
+    get_price = common.currency.get_price
 
     def open_orders(self):
         """Return a database query for PurchaseOrder line items for this SupplierPart, limited to purchase orders that are open / outstanding."""
diff --git a/src/backend/InvenTree/config_template.yaml b/src/backend/InvenTree/config_template.yaml
index ab464a32d7..d1b13a5e1c 100644
--- a/src/backend/InvenTree/config_template.yaml
+++ b/src/backend/InvenTree/config_template.yaml
@@ -46,10 +46,7 @@ language: en-us
 timezone: UTC
 
 # Base URL for the InvenTree server (or use the environment variable INVENTREE_SITE_URL)
-# site_url: 'http://localhost:8000'
-
-# Base currency code (or use env var INVENTREE_BASE_CURRENCY)
-base_currency: USD
+site_url: 'http://localhost:8000'
 
 # Add new user on first startup by either adding values here or from a file
 #admin_user: admin
@@ -57,17 +54,6 @@ base_currency: USD
 #admin_password: inventree
 #admin_password_file: '/etc/inventree/admin_password.txt'
 
-# List of currencies supported by default. Add other currencies here to allow use in InvenTree
-currencies:
-  - AUD
-  - CAD
-  - CNY
-  - EUR
-  - GBP
-  - JPY
-  - NZD
-  - USD
-
 # Email backend configuration
 # Ref: https://docs.djangoproject.com/en/dev/topics/email/
 # Alternatively, these options can all be set using environment variables,
diff --git a/src/backend/InvenTree/order/api.py b/src/backend/InvenTree/order/api.py
index 7db194469f..b2dd13483b 100644
--- a/src/backend/InvenTree/order/api.py
+++ b/src/backend/InvenTree/order/api.py
@@ -3,6 +3,7 @@
 from decimal import Decimal
 from typing import cast
 
+from django.conf import settings
 from django.contrib.auth import authenticate, login
 from django.db import transaction
 from django.db.models import F, Q
@@ -17,7 +18,6 @@ from rest_framework.exceptions import ValidationError
 from rest_framework.response import Response
 
 import common.models as common_models
-from common.settings import settings
 from company.models import SupplierPart
 from generic.states.api import StatusView
 from InvenTree.api import (
diff --git a/src/backend/InvenTree/order/migrations/0038_auto_20201112_1737.py b/src/backend/InvenTree/order/migrations/0038_auto_20201112_1737.py
index 121bdbe64f..efd157f5b6 100644
--- a/src/backend/InvenTree/order/migrations/0038_auto_20201112_1737.py
+++ b/src/backend/InvenTree/order/migrations/0038_auto_20201112_1737.py
@@ -2,6 +2,7 @@
 
 from django.db import migrations
 import djmoney.models.fields
+import common.currency
 import common.settings
 
 
@@ -16,11 +17,11 @@ class Migration(migrations.Migration):
         migrations.AddField(
             model_name='purchaseorderlineitem',
             name='purchase_price',
-            field=djmoney.models.fields.MoneyField(decimal_places=4, default_currency=common.settings.currency_code_default(), help_text='Unit purchase price', max_digits=19, null=True, verbose_name='Purchase Price'),
+            field=djmoney.models.fields.MoneyField(decimal_places=4, default_currency=common.currency.currency_code_default(), help_text='Unit purchase price', max_digits=19, null=True, verbose_name='Purchase Price'),
         ),
         migrations.AddField(
             model_name='purchaseorderlineitem',
             name='purchase_price_currency',
-            field=djmoney.models.fields.CurrencyField(choices=common.settings.currency_code_mappings(), default=common.settings.currency_code_default(), editable=False, max_length=3),
+            field=djmoney.models.fields.CurrencyField(choices=common.currency.currency_code_mappings(), default=common.currency.currency_code_default(), editable=False, max_length=3),
         ),
     ]
diff --git a/src/backend/InvenTree/order/migrations/0039_auto_20201112_2203.py b/src/backend/InvenTree/order/migrations/0039_auto_20201112_2203.py
index 52b51b6ca9..0035f9a949 100644
--- a/src/backend/InvenTree/order/migrations/0039_auto_20201112_2203.py
+++ b/src/backend/InvenTree/order/migrations/0039_auto_20201112_2203.py
@@ -2,6 +2,7 @@
 
 from django.db import migrations
 import djmoney.models.fields
+import common.currency
 import common.settings
 
 
@@ -15,6 +16,6 @@ class Migration(migrations.Migration):
         migrations.AlterField(
             model_name='purchaseorderlineitem',
             name='purchase_price',
-            field=djmoney.models.fields.MoneyField(blank=True, decimal_places=4, default_currency=common.settings.currency_code_default(), help_text='Unit purchase price', max_digits=19, null=True, verbose_name='Purchase Price'),
+            field=djmoney.models.fields.MoneyField(blank=True, decimal_places=4, default_currency=common.currency.currency_code_default(), help_text='Unit purchase price', max_digits=19, null=True, verbose_name='Purchase Price'),
         ),
     ]
diff --git a/src/backend/InvenTree/order/migrations/0045_auto_20210504_1946.py b/src/backend/InvenTree/order/migrations/0045_auto_20210504_1946.py
index c1e5f23df2..4faadf2715 100644
--- a/src/backend/InvenTree/order/migrations/0045_auto_20210504_1946.py
+++ b/src/backend/InvenTree/order/migrations/0045_auto_20210504_1946.py
@@ -1,6 +1,7 @@
 # Generated by Django 3.2 on 2021-05-04 19:46
 
 from django.db import migrations
+import common.currency
 import common.settings
 import djmoney.models.fields
 
@@ -15,11 +16,11 @@ class Migration(migrations.Migration):
         migrations.AddField(
             model_name='salesorderlineitem',
             name='sale_price',
-            field=djmoney.models.fields.MoneyField(blank=True, decimal_places=4, default_currency=common.settings.currency_code_default(), help_text='Unit sale price', max_digits=19, null=True, verbose_name='Sale Price'),
+            field=djmoney.models.fields.MoneyField(blank=True, decimal_places=4, default_currency=common.currency.currency_code_default(), help_text='Unit sale price', max_digits=19, null=True, verbose_name='Sale Price'),
         ),
         migrations.AddField(
             model_name='salesorderlineitem',
             name='sale_price_currency',
-            field=djmoney.models.fields.CurrencyField(choices=common.settings.currency_code_mappings(), default=common.settings.currency_code_default(), editable=False, max_length=3),
+            field=djmoney.models.fields.CurrencyField(choices=common.currency.currency_code_mappings(), default=common.currency.currency_code_default(), editable=False, max_length=3),
         ),
     ]
diff --git a/src/backend/InvenTree/order/migrations/0079_auto_20230304_0904.py b/src/backend/InvenTree/order/migrations/0079_auto_20230304_0904.py
index 0d1dd8041c..ffc27b6b8e 100644
--- a/src/backend/InvenTree/order/migrations/0079_auto_20230304_0904.py
+++ b/src/backend/InvenTree/order/migrations/0079_auto_20230304_0904.py
@@ -8,7 +8,7 @@ from djmoney.contrib.exchange.exceptions import MissingRate
 from djmoney.contrib.exchange.models import convert_money
 from djmoney.money import Money
 
-from common.settings import currency_code_default
+from common.currency import currency_code_default
 
 
 logger = logging.getLogger('inventree')
diff --git a/src/backend/InvenTree/order/models.py b/src/backend/InvenTree/order/models.py
index 1f60121efa..36dad6aa9f 100644
--- a/src/backend/InvenTree/order/models.py
+++ b/src/backend/InvenTree/order/models.py
@@ -33,8 +33,8 @@ import order.validators
 import report.mixins
 import stock.models
 import users.models as UserModels
+from common.currency import currency_code_default
 from common.notifications import InvenTreeNotificationBodies
-from common.settings import currency_code_default
 from company.models import Address, Company, Contact, SupplierPart
 from generic.states import StateTransitionMixin
 from InvenTree.exceptions import log_error
diff --git a/src/backend/InvenTree/order/test_api.py b/src/backend/InvenTree/order/test_api.py
index 6e59e9a600..73518b7ac8 100644
--- a/src/backend/InvenTree/order/test_api.py
+++ b/src/backend/InvenTree/order/test_api.py
@@ -13,8 +13,8 @@ from djmoney.money import Money
 from icalendar import Calendar
 from rest_framework import status
 
+from common.currency import currency_codes
 from common.models import InvenTreeSetting
-from common.settings import currency_codes
 from company.models import Company, SupplierPart, SupplierPriceBreak
 from InvenTree.unit_test import InvenTreeAPITestCase
 from order import models
diff --git a/src/backend/InvenTree/part/migrations/0055_auto_20201110_1001.py b/src/backend/InvenTree/part/migrations/0055_auto_20201110_1001.py
index 911766ad6d..8bf472e4cb 100644
--- a/src/backend/InvenTree/part/migrations/0055_auto_20201110_1001.py
+++ b/src/backend/InvenTree/part/migrations/0055_auto_20201110_1001.py
@@ -2,7 +2,7 @@
 
 from django.db import migrations
 import djmoney.models.fields
-import common.settings
+import common.currency
 
 
 class Migration(migrations.Migration):
@@ -16,11 +16,11 @@ class Migration(migrations.Migration):
         migrations.AddField(
             model_name='partsellpricebreak',
             name='price',
-            field=djmoney.models.fields.MoneyField(decimal_places=4, default_currency=common.settings.currency_code_default(), help_text='Unit price at specified quantity', max_digits=19, null=True, verbose_name='Price'),
+            field=djmoney.models.fields.MoneyField(decimal_places=4, default_currency=common.currency.currency_code_default(), help_text='Unit price at specified quantity', max_digits=19, null=True, verbose_name='Price'),
         ),
         migrations.AddField(
             model_name='partsellpricebreak',
             name='price_currency',
-            field=djmoney.models.fields.CurrencyField(choices=common.settings.currency_code_mappings(), default=common.settings.currency_code_default(), editable=False, max_length=3),
+            field=djmoney.models.fields.CurrencyField(choices=common.currency.currency_code_mappings(), default=common.currency.currency_code_default(), editable=False, max_length=3),
         ),
     ]
diff --git a/src/backend/InvenTree/part/migrations/0067_partinternalpricebreak.py b/src/backend/InvenTree/part/migrations/0067_partinternalpricebreak.py
index f0e8561730..d8dc4f3c56 100644
--- a/src/backend/InvenTree/part/migrations/0067_partinternalpricebreak.py
+++ b/src/backend/InvenTree/part/migrations/0067_partinternalpricebreak.py
@@ -2,6 +2,7 @@
 
 import InvenTree.fields
 import django.core.validators
+import common.currency
 import common.settings
 from django.db import migrations, models
 import django.db.models.deletion
@@ -20,8 +21,8 @@ class Migration(migrations.Migration):
             fields=[
                 ('id', models.AutoField(auto_created=True, primary_key=True, serialize=False, verbose_name='ID')),
                 ('quantity', InvenTree.fields.RoundingDecimalField(decimal_places=5, default=1, help_text='Price break quantity', max_digits=15, validators=[django.core.validators.MinValueValidator(1)], verbose_name='Quantity')),
-                ('price_currency', djmoney.models.fields.CurrencyField(choices=common.settings.currency_code_mappings(), default=common.settings.currency_code_default(), editable=False, max_length=3)),
-                ('price', djmoney.models.fields.MoneyField(decimal_places=4, default_currency=common.settings.currency_code_default(), help_text='Unit price at specified quantity', max_digits=19, null=True, verbose_name='Price')),
+                ('price_currency', djmoney.models.fields.CurrencyField(choices=common.currency.currency_code_mappings(), default=common.currency.currency_code_default(), editable=False, max_length=3)),
+                ('price', djmoney.models.fields.MoneyField(decimal_places=4, default_currency=common.currency.currency_code_default(), help_text='Unit price at specified quantity', max_digits=19, null=True, verbose_name='Price')),
                 ('part', models.ForeignKey(on_delete=django.db.models.deletion.CASCADE, related_name='internalpricebreaks', to='part.part', verbose_name='Part')),
             ],
             options={
diff --git a/src/backend/InvenTree/part/migrations/0089_auto_20221112_0128.py b/src/backend/InvenTree/part/migrations/0089_auto_20221112_0128.py
index 7d25a1f558..865153ffe2 100644
--- a/src/backend/InvenTree/part/migrations/0089_auto_20221112_0128.py
+++ b/src/backend/InvenTree/part/migrations/0089_auto_20221112_0128.py
@@ -1,13 +1,14 @@
 # Generated by Django 3.2.16 on 2022-11-12 01:28
 
-import InvenTree.fields
-import common.settings
 import django.core.validators
 from django.db import migrations, models
 import django.db.models.deletion
 import djmoney.models.fields
 import djmoney.models.validators
 
+import InvenTree.fields
+import common.currency
+import common.settings
 
 class Migration(migrations.Migration):
 
@@ -35,7 +36,7 @@ class Migration(migrations.Migration):
             name='PartPricing',
             fields=[
                 ('id', models.AutoField(auto_created=True, primary_key=True, serialize=False, verbose_name='ID')),
-                ('currency', models.CharField(choices=common.settings.currency_code_mappings(), default=common.settings.currency_code_default, help_text='Currency used to cache pricing calculations', max_length=10, verbose_name='Currency')),
+                ('currency', models.CharField(choices=common.currency.currency_code_mappings(), default=common.currency.currency_code_default, help_text='Currency used to cache pricing calculations', max_length=10, verbose_name='Currency')),
                 ('updated', models.DateTimeField(auto_now=True, help_text='Timestamp of last pricing update', verbose_name='Updated')),
                 ('scheduled_for_update', models.BooleanField(default=False)),
                 ('bom_cost_min_currency', djmoney.models.fields.CurrencyField(choices=[], default='', editable=False, max_length=3)),
diff --git a/src/backend/InvenTree/part/models.py b/src/backend/InvenTree/part/models.py
index 5d1b9cb82c..cd0282b908 100644
--- a/src/backend/InvenTree/part/models.py
+++ b/src/backend/InvenTree/part/models.py
@@ -33,6 +33,7 @@ from mptt.models import MPTTModel, TreeForeignKey
 from stdimage.models import StdImageField
 from taggit.managers import TaggableManager
 
+import common.currency
 import common.models
 import common.settings
 import InvenTree.conversion
@@ -47,8 +48,8 @@ import report.mixins
 import users.models
 from build import models as BuildModels
 from build.status_codes import BuildStatusGroups
+from common.currency import currency_code_default
 from common.models import InvenTreeSetting
-from common.settings import currency_code_default
 from company.models import SupplierPart
 from InvenTree import helpers, validators
 from InvenTree.fields import InvenTreeURLField
@@ -2018,7 +2019,7 @@ class Part(
         help_text=_('Sell multiple'),
     )
 
-    get_price = common.models.get_price
+    get_price = common.currency.get_price
 
     @property
     def has_price_breaks(self):
@@ -2050,7 +2051,7 @@ class Part(
 
     def get_internal_price(self, quantity, moq=True, multiples=True, currency=None):
         """Return the internal price of this Part at the specified quantity."""
-        return common.models.get_price(
+        return common.currency.get_price(
             self, quantity, moq, multiples, currency, break_name='internal_price_breaks'
         )
 
@@ -2646,7 +2647,7 @@ class PartPricing(common.models.MetaMixin):
             # Short circuit - no further operations required
             return
 
-        currency_code = common.settings.currency_code_default()
+        currency_code = common.currency.currency_code_default()
 
         cumulative_min = Money(0, currency_code)
         cumulative_max = Money(0, currency_code)
@@ -3025,7 +3026,7 @@ class PartPricing(common.models.MetaMixin):
         max_length=10,
         verbose_name=_('Currency'),
         help_text=_('Currency used to cache pricing calculations'),
-        choices=common.settings.currency_code_mappings(),
+        choices=common.currency.currency_code_mappings(),
     )
 
     scheduled_for_update = models.BooleanField(default=False)
diff --git a/src/backend/InvenTree/part/serializers.py b/src/backend/InvenTree/part/serializers.py
index 9ddf1447db..5c454293bd 100644
--- a/src/backend/InvenTree/part/serializers.py
+++ b/src/backend/InvenTree/part/serializers.py
@@ -21,6 +21,7 @@ from rest_framework import serializers
 from sql_util.utils import SubqueryCount, SubquerySum
 from taggit.serializers import TagListSerializerField
 
+import common.currency
 import common.models
 import common.settings
 import company.models
@@ -1286,7 +1287,7 @@ class PartPricingSerializer(InvenTree.serializers.InvenTreeModelSerializer):
         label=_('Minimum price currency'),
         read_only=False,
         required=False,
-        choices=common.settings.currency_code_mappings(),
+        choices=common.currency.currency_code_mappings(),
     )
 
     override_max = InvenTree.serializers.InvenTreeMoneySerializer(
@@ -1301,7 +1302,7 @@ class PartPricingSerializer(InvenTree.serializers.InvenTreeModelSerializer):
         label=_('Maximum price currency'),
         read_only=False,
         required=False,
-        choices=common.settings.currency_code_mappings(),
+        choices=common.currency.currency_code_mappings(),
     )
 
     overall_min = InvenTree.serializers.InvenTreeMoneySerializer(
@@ -1342,7 +1343,7 @@ class PartPricingSerializer(InvenTree.serializers.InvenTreeModelSerializer):
         override_min = data.get('override_min', None)
         override_max = data.get('override_max', None)
 
-        default_currency = common.settings.currency_code_default()
+        default_currency = common.currency.currency_code_default()
 
         if override_min is not None and override_max is not None:
             try:
diff --git a/src/backend/InvenTree/part/stocktake.py b/src/backend/InvenTree/part/stocktake.py
index 1bdd41f977..3705d84ae0 100644
--- a/src/backend/InvenTree/part/stocktake.py
+++ b/src/backend/InvenTree/part/stocktake.py
@@ -13,6 +13,7 @@ import tablib
 from djmoney.contrib.exchange.models import convert_money
 from djmoney.money import Money
 
+import common.currency
 import common.models
 import InvenTree.helpers
 import part.models
@@ -67,7 +68,7 @@ def perform_stocktake(
         pricing.update_pricing(cascade=False)
         pricing.refresh_from_db()
 
-    base_currency = common.settings.currency_code_default()
+    base_currency = common.currency.currency_code_default()
 
     # Keep track of total quantity and cost for this part
     total_quantity = 0
@@ -210,7 +211,7 @@ def generate_stocktake_report(**kwargs):
 
     logger.info('Generating new stocktake report for %s parts', n_parts)
 
-    base_currency = common.settings.currency_code_default()
+    base_currency = common.currency.currency_code_default()
 
     # Construct an initial dataset for the stocktake report
     dataset = tablib.Dataset(
diff --git a/src/backend/InvenTree/part/tasks.py b/src/backend/InvenTree/part/tasks.py
index 51a2d63547..768be1a440 100644
--- a/src/backend/InvenTree/part/tasks.py
+++ b/src/backend/InvenTree/part/tasks.py
@@ -8,6 +8,7 @@ from datetime import datetime, timedelta
 from django.core.exceptions import ValidationError
 from django.utils.translation import gettext_lazy as _
 
+import common.currency
 import common.models
 import common.notifications
 import common.settings
@@ -110,7 +111,7 @@ def check_missing_pricing(limit=250):
             pp.schedule_for_update()
 
     # Find any pricing data which is in the wrong currency
-    currency = common.settings.currency_code_default()
+    currency = common.currency.currency_code_default()
     results = part.models.PartPricing.objects.exclude(currency=currency)
 
     if results.count() > 0:
diff --git a/src/backend/InvenTree/part/test_pricing.py b/src/backend/InvenTree/part/test_pricing.py
index a9572b2f16..2cdc4c54a6 100644
--- a/src/backend/InvenTree/part/test_pricing.py
+++ b/src/backend/InvenTree/part/test_pricing.py
@@ -5,6 +5,7 @@ from django.core.exceptions import ObjectDoesNotExist
 from djmoney.contrib.exchange.models import convert_money
 from djmoney.money import Money
 
+import common.currency
 import common.models
 import common.settings
 import company.models
@@ -179,7 +180,7 @@ class PartPricingTests(InvenTreeTestCase):
         self.assertIsNone(pricing.internal_cost_min)
         self.assertIsNone(pricing.internal_cost_max)
 
-        currency = common.settings.currency_code_default()
+        currency = common.currency.currency_code_default()
 
         for ii in range(5):
             # Let's add some internal price breaks
diff --git a/src/backend/InvenTree/stock/migrations/0053_auto_20201110_0513.py b/src/backend/InvenTree/stock/migrations/0053_auto_20201110_0513.py
index 0b0d6cbc5a..a7106f8af2 100644
--- a/src/backend/InvenTree/stock/migrations/0053_auto_20201110_0513.py
+++ b/src/backend/InvenTree/stock/migrations/0053_auto_20201110_0513.py
@@ -2,7 +2,7 @@
 
 from django.db import migrations
 import djmoney.models.fields
-import common.settings
+import common.currency
 
 
 class Migration(migrations.Migration):
@@ -16,11 +16,11 @@ class Migration(migrations.Migration):
         migrations.AddField(
             model_name='stockitem',
             name='purchase_price',
-            field=djmoney.models.fields.MoneyField(decimal_places=4, default_currency=common.settings.currency_code_default(), help_text='Single unit purchase price at time of purchase', max_digits=19, null=True, verbose_name='Purchase Price'),
+            field=djmoney.models.fields.MoneyField(decimal_places=4, default_currency=common.currency.currency_code_default(), help_text='Single unit purchase price at time of purchase', max_digits=19, null=True, verbose_name='Purchase Price'),
         ),
         migrations.AddField(
             model_name='stockitem',
             name='purchase_price_currency',
-            field=djmoney.models.fields.CurrencyField(choices=common.settings.all_currency_codes(), default=common.settings.currency_code_default(), editable=False, max_length=3),
+            field=djmoney.models.fields.CurrencyField(choices=common.currency.all_currency_codes(), default=common.currency.currency_code_default(), editable=False, max_length=3),
         ),
     ]
diff --git a/src/backend/InvenTree/stock/migrations/0055_auto_20201117_1453.py b/src/backend/InvenTree/stock/migrations/0055_auto_20201117_1453.py
index 12ad90cc0a..8aebb0c7c1 100644
--- a/src/backend/InvenTree/stock/migrations/0055_auto_20201117_1453.py
+++ b/src/backend/InvenTree/stock/migrations/0055_auto_20201117_1453.py
@@ -2,7 +2,7 @@
 
 from django.db import migrations
 import djmoney.models.fields
-import common.settings
+import common.currency
 
 
 class Migration(migrations.Migration):
@@ -15,6 +15,6 @@ class Migration(migrations.Migration):
         migrations.AlterField(
             model_name='stockitem',
             name='purchase_price',
-            field=djmoney.models.fields.MoneyField(blank=True, decimal_places=4, default_currency=common.settings.currency_code_default(), help_text='Single unit purchase price at time of purchase', max_digits=19, null=True, verbose_name='Purchase Price'),
+            field=djmoney.models.fields.MoneyField(blank=True, decimal_places=4, default_currency=common.currency.currency_code_default(), help_text='Single unit purchase price at time of purchase', max_digits=19, null=True, verbose_name='Purchase Price'),
         ),
     ]
diff --git a/src/backend/InvenTree/templates/InvenTree/settings/pricing.html b/src/backend/InvenTree/templates/InvenTree/settings/pricing.html
index cba117ad14..8e99fbc983 100644
--- a/src/backend/InvenTree/templates/InvenTree/settings/pricing.html
+++ b/src/backend/InvenTree/templates/InvenTree/settings/pricing.html
@@ -12,6 +12,7 @@
     <table class='table table-striped table-condensed'>
         <tbody>
             {% include "InvenTree/settings/setting.html" with key="INVENTREE_DEFAULT_CURRENCY" icon="fa-globe" %}
+            {% include "InvenTree/settings/setting.html" with key="CURRENCY_CODES" %}
             {% include "InvenTree/settings/setting.html" with key="PART_INTERNAL_PRICE" %}
             {% include "InvenTree/settings/setting.html" with key="PART_BOM_USE_INTERNAL_PRICE" %}
             {% include "InvenTree/settings/setting.html" with key="PRICING_DECIMAL_PLACES_MIN" icon='fa-dollar-sign' %}
diff --git a/src/frontend/src/pages/Index/Settings/SystemSettings.tsx b/src/frontend/src/pages/Index/Settings/SystemSettings.tsx
index 7feb204820..53f2e18227 100644
--- a/src/frontend/src/pages/Index/Settings/SystemSettings.tsx
+++ b/src/frontend/src/pages/Index/Settings/SystemSettings.tsx
@@ -109,6 +109,7 @@ export default function SystemSettings() {
             <GlobalSettingList
               keys={[
                 'INVENTREE_DEFAULT_CURRENCY',
+                'CURRENCY_CODES',
                 'PART_INTERNAL_PRICE',
                 'PART_BOM_USE_INTERNAL_PRICE',
                 'PRICING_DECIMAL_PLACES_MIN',