We recently released a bunch of updates for Currencies and Number Formats to enable users from many different regions to feel home using ERPNext.

The key motivations:

1. Use of currency Symbols like $ etc where applicable.
2. Use of localized number formats like #,###.## or ##.###,##.
3. Standardizing Decimal Precision in Floats.

We quickly ran into many challenges:

1. Field types that were Float (like Quantity, Discount etc) were wrongly marked as Currency (to enable formatting).
2. The browser only understood one numbering format. i.e. using the . sign as the decimal separator.
3. Ensuring consistent data entry.
4. Multi-currency: For Import / Export type of transactions, the currencies would change dynamically.

Finally we were able to fix most of these issues and we now have the system ready for release.

Setup:

To setup your currencies and number formats, go to Setup > Global Defaults

Note:

If you are using multi-currency. You will have to now enable all currencies that you use. All existing currencies have already been enabled.

Screenshot: