diff --git a/apps/edr-freight-web/portal/src/pages/bookings/EditBookingPage.tsx b/apps/edr-freight-web/portal/src/pages/bookings/EditBookingPage.tsx
index 99d0d7f8c..a778bf8e5 100644
--- a/apps/edr-freight-web/portal/src/pages/bookings/EditBookingPage.tsx
+++ b/apps/edr-freight-web/portal/src/pages/bookings/EditBookingPage.tsx
@@ -53,6 +53,7 @@ import {
   type BookingFormValues,
 } from "./new-booking-form/schema";
 import { SelectField } from "./new-booking-form/shared";
+import { PaymentCurrencyField } from "./new-booking-form/payment-currency-field";
 import { Step5CargoDetails, StepScheduling } from "./new-booking-form/steps";
 
 const EDIT_SECTIONS = [
@@ -137,6 +138,8 @@ function mapBookingToFormValues(
     isRefrigerated: booking.isRefrigerated ?? false,
     shippingLine: (booking as any).shippingLine?.name ?? "",
     consolidationEnabled: booking.allowConsolidation ?? false,
+    paymentCurrency:
+      booking.paymentCurrency === "ETB" ? "ETB" : "USD",
     scheduledDate: booking.scheduledDate
       ? new Date(booking.scheduledDate).toISOString().slice(0, 10)
       : "",
@@ -426,7 +429,7 @@ export default function EditBookingPage() {
       cargoTypeId: data.cargoType === "container" ? undefined : cargoTypeId,
       cargoTotalWeightVgm: totalWeight,
       isHazardous: data.isHazardous,
-      paymentCurrency: "USD",
+      paymentCurrency: data.paymentCurrency,
       allowConsolidation: data.consolidationEnabled,
       freightType:
         data.cargoType === "container"
@@ -607,6 +610,8 @@ export default function EditBookingPage() {
             />
           </SimpleGrid>
 
+          <PaymentCurrencyField control={form.control} />
+
           {(selectedService?.includesFirstMile ||
             selectedService?.includesLastMile ||
             selectedService?.includesCustoms) && (
diff --git a/apps/edr-freight-web/portal/src/pages/bookings/NewBookingPage.tsx b/apps/edr-freight-web/portal/src/pages/bookings/NewBookingPage.tsx
index 16c948f0b..fd068e8ef 100644
--- a/apps/edr-freight-web/portal/src/pages/bookings/NewBookingPage.tsx
+++ b/apps/edr-freight-web/portal/src/pages/bookings/NewBookingPage.tsx
@@ -274,7 +274,7 @@ export default function NewBookingPage() {
         data.equipmentReturn === "with_return"
           ? "WITH_RETURN"
           : "WITHOUT_RETURN",
-      paymentCurrency: "USD",
+      paymentCurrency: data.paymentCurrency,
       originYardId: data.originYard,
       destinationYardId: data.destinationYard,
       tradeDirection: direction!,
diff --git a/apps/edr-freight-web/portal/src/pages/bookings/new-booking-form/payment-currency-field.tsx b/apps/edr-freight-web/portal/src/pages/bookings/new-booking-form/payment-currency-field.tsx
new file mode 100644
index 000000000..c11620d4f
--- /dev/null
+++ b/apps/edr-freight-web/portal/src/pages/bookings/new-booking-form/payment-currency-field.tsx
@@ -0,0 +1,59 @@
+import { Box, Text } from "@mantine/core";
+import { Banknote, DollarSign } from "lucide-react";
+import { Controller, type Control } from "react-hook-form";
+import {
+  PAYMENT_CURRENCY_OPTIONS,
+  type BookingFormInputValues,
+  type BookingFormValues,
+  type PaymentCurrency,
+} from "./schema";
+import { OptionCard, OptionFieldError, StepLabel } from "./shared";
+
+const CURRENCY_ICONS: Record<
+  PaymentCurrency,
+  { icon: typeof DollarSign; bg: string; color: string }
+> = {
+  USD: { icon: DollarSign, bg: "#EEF0FB", color: "#4F46E5" },
+  ETB: { icon: Banknote, bg: "#ECF6F1", color: "#0A6F4D" },
+};
+
+export function PaymentCurrencyField({
+  control,
+}: {
+  control: Control<BookingFormInputValues, any, BookingFormValues>;
+}) {
+  return (
+    <Box mt={24}>
+      <StepLabel>Payment currency</StepLabel>
+      <Text fz={12} c="#6B7C8E" mt={4} mb={12}>
+        Choose the currency for your freight quote and invoices.
+      </Text>
+      <Controller
+        name="paymentCurrency"
+        control={control}
+        render={({ field, fieldState }) => (
+          <div>
+            <div className="grid gap-4 md:grid-cols-2">
+              {PAYMENT_CURRENCY_OPTIONS.map((option) => {
+                const Icon = CURRENCY_ICONS[option.value].icon;
+                return (
+                  <OptionCard
+                    key={option.value}
+                    selected={field.value === option.value}
+                    onClick={() => field.onChange(option.value)}
+                    icon={<Icon className="h-5 w-5" />}
+                    iconBg={CURRENCY_ICONS[option.value].bg}
+                    iconColor={CURRENCY_ICONS[option.value].color}
+                    title={option.label}
+                    description={option.description}
+                  />
+                );
+              })}
+            </div>
+            <OptionFieldError error={fieldState.error} />
+          </div>
+        )}
+      />
+    </Box>
+  );
+}
diff --git a/apps/edr-freight-web/portal/src/pages/bookings/new-booking-form/schema.ts b/apps/edr-freight-web/portal/src/pages/bookings/new-booking-form/schema.ts
index 7bc6666dc..ea4b1214a 100644
--- a/apps/edr-freight-web/portal/src/pages/bookings/new-booking-form/schema.ts
+++ b/apps/edr-freight-web/portal/src/pages/bookings/new-booking-form/schema.ts
@@ -61,11 +61,32 @@ export const BOOKING_DOCS_SETTING: Freight.IFileUploadSetting = {
 
 export type BookingDocuments = Record<string, File | File[] | null>;
 
+export const PAYMENT_CURRENCIES = ["USD", "ETB"] as const;
+export type PaymentCurrency = (typeof PAYMENT_CURRENCIES)[number];
+
+export const PAYMENT_CURRENCY_OPTIONS: Array<{
+  value: PaymentCurrency;
+  label: string;
+  description: string;
+}> = [
+  {
+    value: "USD",
+    label: "USD",
+    description: "US Dollar — international pricing and invoicing.",
+  },
+  {
+    value: "ETB",
+    label: "ETB",
+    description: "Ethiopian Birr — local pricing and invoicing.",
+  },
+];
+
 export const bookingFormSchema = z
   .object({
     contractType: z.enum(["new", "renewal"], "Select a contract type."),
     previousContractRef: z.string(),
     serviceTypeId: z.string("Select a service type."),
+    paymentCurrency: z.enum(PAYMENT_CURRENCIES, "Select a payment currency."),
 
     firstMile: z
       .object({
@@ -200,6 +221,7 @@ export const initialBookingFormValues: DeepPartial<BookingFormValues> = {
   previousContractRef: "",
 
   serviceTypeId: "",
+  paymentCurrency: "USD",
   firstMile: {
     enabled: false,
     pickUpAddress: "",
@@ -230,6 +252,7 @@ export const stepFields: Record<number, Array<Path<BookingFormValues>>> = {
   1: ["contractType", "previousContractRef"],
   2: [
     "serviceTypeId",
+    "paymentCurrency",
     "firstMile",
     "lastMile",
     "equipmentReturn",
diff --git a/apps/edr-freight-web/portal/src/pages/bookings/new-booking-form/step2-service-type.tsx b/apps/edr-freight-web/portal/src/pages/bookings/new-booking-form/step2-service-type.tsx
index e8edc5e5e..b53571c03 100644
--- a/apps/edr-freight-web/portal/src/pages/bookings/new-booking-form/step2-service-type.tsx
+++ b/apps/edr-freight-web/portal/src/pages/bookings/new-booking-form/step2-service-type.tsx
@@ -12,6 +12,7 @@ import {
   StepHeader,
   StepLabel,
 } from "./shared";
+import { PaymentCurrencyField } from "./payment-currency-field";
 
 import type { Freight } from "@edr/types";
 
@@ -102,6 +103,8 @@ export function Step2ServiceType({
         )}
       />
 
+      <PaymentCurrencyField control={form.control} />
+
       {showServiceSections && (
         <Stack gap={12} mt={24}>
           <StepLabel>Trucking & customs options</StepLabel>
diff --git a/apps/edr-freight-web/portal/src/pages/bookings/new-booking-form/step8-review.tsx b/apps/edr-freight-web/portal/src/pages/bookings/new-booking-form/step8-review.tsx
index 255eea380..ae7cddf4f 100644
--- a/apps/edr-freight-web/portal/src/pages/bookings/new-booking-form/step8-review.tsx
+++ b/apps/edr-freight-web/portal/src/pages/bookings/new-booking-form/step8-review.tsx
@@ -248,6 +248,10 @@ export function Step8Review({
               <DetailRow label="Previous ref" value={values.previousContractRef} />
             )}
             <DetailRow label="Service" value={serviceType?.name ?? ""} />
+            <DetailRow
+              label="Payment currency"
+              value={values.paymentCurrency ?? "USD"}
+            />
             <Button
               type="button"
               variant="subtle"
@@ -431,6 +435,10 @@ export function Step8Review({
               </Text>
               <Stack gap="sm">
                 <ReadinessItem done={Boolean(values.serviceTypeId)} label="Service configured" />
+                <ReadinessItem
+                  done={Boolean(values.paymentCurrency)}
+                  label="Payment currency selected"
+                />
                 <ReadinessItem
                   done={Boolean(values.originYard && values.destinationYard)}
                   label="Route selected"