diff --git a/src/backend/requirements.in b/src/backend/requirements.in
index dc8da35a59..71de7fb8c9 100644
--- a/src/backend/requirements.in
+++ b/src/backend/requirements.in
@@ -18,7 +18,7 @@ django-maintenance-mode                 # Shut down application while reloading
 django-markdownify                      # Markdown rendering
 django-mptt                             # Modified Preorder Tree Traversal
 django-markdownify                      # Markdown rendering
-django-money>=3.0.0,<3.3.0              # Django app for currency management # FIXED 2023-10-31 3.3.0 breaks due to https://github.com/django-money/django-money/issues/731
+django-money>=3.0.0,<3.5.0              # Django app for currency management # FIXED 2023-10-31 3.3.0 breaks due to https://github.com/django-money/django-money/issues/731
 django-mptt                             # Modified Preorder Tree Traversal
 django-redis>=5.0.0                     # Redis integration
 django-q2                               # Background task scheduling
diff --git a/src/backend/requirements.txt b/src/backend/requirements.txt
index 5d8c3102dd..5df9da48f7 100644
--- a/src/backend/requirements.txt
+++ b/src/backend/requirements.txt
@@ -96,7 +96,7 @@ django-js-asset==2.2.0
     # via django-mptt
 django-maintenance-mode==0.21.1
 django-markdownify==0.9.3
-django-money==3.2.0
+django-money==3.4.1
 django-mptt==0.16.0
 django-otp==1.3.0
     # via django-allauth-2fa