diff --git a/src/pages/iou/IOUCurrencySelection.js b/src/pages/iou/IOUCurrencySelection.js
index d2a85cc4ea8aa..0d47e11f4f736 100644
--- a/src/pages/iou/IOUCurrencySelection.js
+++ b/src/pages/iou/IOUCurrencySelection.js
@@ -75,7 +75,7 @@ class IOUCurrencySelection extends Component {
         this.state = {
             searchValue: '',
             currencyData: currencyOptions,
-            toggledCurrencyCode: this.props.myPersonalDetails.localCurrencyCode,
+            toggledCurrencyCode: this.props.iou.selectedCurrencyCode || this.props.myPersonalDetails.localCurrencyCode,
         };
         this.getCurrencyOptions = this.getCurrencyOptions.bind(this);
         this.toggleOption = this.toggleOption.bind(this);
diff --git a/src/pages/iou/IOUModal.js b/src/pages/iou/IOUModal.js
index 5c1eb004a4fd8..175a30c595fc3 100755
--- a/src/pages/iou/IOUModal.js
+++ b/src/pages/iou/IOUModal.js
@@ -161,8 +161,7 @@ class IOUModal extends Component {
             this.setState({currentStepIndex: 0});
         }
 
-        if (prevProps.iou.selectedCurrencyCode
-            !== this.props.iou.selectedCurrencyCode) {
+        if (prevProps.iou.selectedCurrencyCode !== this.props.iou.selectedCurrencyCode) {
             IOU.setIOUSelectedCurrency(this.props.iou.selectedCurrencyCode);
         }
     }