diff --git a/InvenTree/InvenTree/format.py b/InvenTree/InvenTree/format.py
index afb16bc146..5bf650508d 100644
--- a/InvenTree/InvenTree/format.py
+++ b/InvenTree/InvenTree/format.py
@@ -3,8 +3,14 @@
 import re
 import string
 
+from django.conf import settings
+from django.utils import translation
 from django.utils.translation import gettext_lazy as _
 
+from babel import Locale
+from babel.numbers import parse_pattern
+from djmoney.money import Money
+
 
 def parse_format_string(fmt_string: str) -> dict:
     """Extract formatting information from the provided format string.
@@ -160,3 +166,34 @@ def extract_named_group(name: str, value: str, fmt_string: str) -> str:
     # And return the value we are interested in
     # Note: This will raise an IndexError if the named group was not matched
     return result.group(name)
+
+
+def format_money(money: Money, decimal_places: int = None, format: str = None) -> str:
+    """Format money object according to the currently set local
+
+    Args:
+        decimal_places: Number of decimal places to use
+        format: Format pattern according LDML / the babel format pattern syntax (https://babel.pocoo.org/en/latest/numbers.html)
+
+    Returns:
+        str: The formatted string
+
+    Raises:
+        ValueError: format string is incorrectly specified
+    """
+    language = None and translation.get_language() or settings.LANGUAGE_CODE
+    locale = Locale.parse(translation.to_locale(language))
+    if format:
+        pattern = parse_pattern(format)
+    else:
+        pattern = locale.currency_formats["standard"]
+        if decimal_places:
+            pattern.frac_prec = (decimal_places, decimal_places)
+
+    return pattern.apply(
+        money.amount,
+        locale,
+        currency=money.currency.code,
+        currency_digits=decimal_places is None,
+        decimal_quantization=decimal_places is not None,
+    )
diff --git a/InvenTree/InvenTree/helpers_model.py b/InvenTree/InvenTree/helpers_model.py
index 2f9272655e..e63419a16f 100644
--- a/InvenTree/InvenTree/helpers_model.py
+++ b/InvenTree/InvenTree/helpers_model.py
@@ -10,7 +10,6 @@ from django.core.validators import URLValidator
 from django.db.utils import OperationalError, ProgrammingError
 from django.utils.translation import gettext_lazy as _
 
-import moneyed.localization
 import requests
 from djmoney.contrib.exchange.models import convert_money
 from djmoney.money import Money
@@ -22,6 +21,7 @@ import InvenTree.helpers_model
 import InvenTree.version
 from common.notifications import (InvenTreeNotificationBodies,
                                   NotificationBody, trigger_notification)
+from InvenTree.format import format_money
 
 logger = logging.getLogger('inventree')
 
@@ -167,14 +167,13 @@ def download_image_from_url(remote_url, timeout=2.5):
     return img
 
 
-def render_currency(money, decimal_places=None, currency=None, include_symbol=True, min_decimal_places=None, max_decimal_places=None):
+def render_currency(money, decimal_places=None, currency=None, min_decimal_places=None, max_decimal_places=None):
     """Render a currency / Money object to a formatted string (e.g. for reports)
 
     Arguments:
         money: The Money instance to be rendered
         decimal_places: The number of decimal places to render to. If unspecified, uses the PRICING_DECIMAL_PLACES setting.
         currency: Optionally convert to the specified currency
-        include_symbol: Render with the appropriate currency symbol
         min_decimal_places: The minimum number of decimal places to render to. If unspecified, uses the PRICING_DECIMAL_PLACES_MIN setting.
         max_decimal_places: The maximum number of decimal places to render to. If unspecified, uses the PRICING_DECIMAL_PLACES setting.
     """
@@ -216,11 +215,7 @@ def render_currency(money, decimal_places=None, currency=None, include_symbol=Tr
 
     decimal_places = max(decimal_places, max_decimal_places)
 
-    return moneyed.localization.format_money(
-        money,
-        decimal_places=decimal_places,
-        include_symbol=include_symbol,
-    )
+    return format_money(money, decimal_places=decimal_places)
 
 
 def getModelsWithMixin(mixin_class) -> list: