diff --git a/frappe/public/js/frappe/form/formatters.js b/frappe/public/js/frappe/form/formatters.js
index 61e373ad7a..0d3bf980d8 100644
--- a/frappe/public/js/frappe/form/formatters.js
+++ b/frappe/public/js/frappe/form/formatters.js
@@ -70,7 +70,6 @@ frappe.form.formatters = {
 
 			if ( decimals.length < 3 || decimals.length < precision ) {
 				const fraction = frappe.model.get_value(":Currency", currency, "fraction_units") || 100; // if not set, minimum 2.
-				precision      = cstr(fraction).length - 1;
 
 				if (decimals.length < cstr(fraction).length) {
 					precision = cstr(fraction).length - 1;