Crcy type &1 has not been found in crcy types table (company code &2)

What causes this issue?

The currency type &V1& used for company code &V2& could not be found in
the currency types table (FINSC_CURTYPE).

System Response

This leads to an inconsistency.

How to fix this error?

IF &V3& = 'X'.
Please contact SAP.
ELSE.
Go to Customizing activity
<DS:TRAN.FINSC_LEDGER>Define Settings for Ledgers and Currency Types
</>. In the <LS>Currency Types </>section, add the missing currency type
&V1&.
ENDIF.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.