diff --git a/src/libs/CurrencyUtils.ts b/src/libs/CurrencyUtils.ts
index 862b0ae5e928..c3b80797d750 100644
--- a/src/libs/CurrencyUtils.ts
+++ b/src/libs/CurrencyUtils.ts
@@ -125,9 +125,11 @@ function convertToDisplayString(amountInCents = 0, currency: string = CONST.CURR
         style: 'currency',
         currency: currencyWithFallback,
 
-        // We are forcing the number of decimals because we override the default number of decimals in the backend for RSD
+        // We are forcing the number of decimals because we override the default number of decimals in the backend for some currencies
         // See: https://github.com/Expensify/PHP-Libs/pull/834
-        minimumFractionDigits: currency === 'RSD' ? getCurrencyDecimals(currency) : undefined,
+        minimumFractionDigits: getCurrencyDecimals(currency),
+        // For currencies that have decimal places > 2, floor to 2 instead as we don't support more than 2 decimal places.
+        maximumFractionDigits: 2,
     });
 }
 
@@ -175,9 +177,11 @@ function convertToDisplayStringWithoutCurrency(amountInCents: number, currency:
         style: 'currency',
         currency,
 
-        // We are forcing the number of decimals because we override the default number of decimals in the backend for RSD
+        // We are forcing the number of decimals because we override the default number of decimals in the backend for some currencies
         // See: https://github.com/Expensify/PHP-Libs/pull/834
-        minimumFractionDigits: currency === 'RSD' ? getCurrencyDecimals(currency) : undefined,
+        minimumFractionDigits: getCurrencyDecimals(currency),
+        // For currencies that have decimal places > 2, floor to 2 instead as we don't support more than 2 decimal places.
+        maximumFractionDigits: 2,
     })
         .filter((x) => x.type !== 'currency')
         .filter((x) => x.type !== 'literal' || x.value.trim().length !== 0)
diff --git a/tests/unit/CurrencyUtilsTest.ts b/tests/unit/CurrencyUtilsTest.ts
index 5322faff763f..9a86c9188d42 100644
--- a/tests/unit/CurrencyUtilsTest.ts
+++ b/tests/unit/CurrencyUtilsTest.ts
@@ -155,8 +155,8 @@ describe('CurrencyUtils', () => {
             ['JPY', 2500.5, '¥25'],
             ['RSD', 100, 'RSD\xa01.00'],
             ['RSD', 145, 'RSD\xa01.45'],
-            ['BHD', 12345, 'BHD\xa0123.450'],
-            ['BHD', 1, 'BHD\xa00.010'],
+            ['BHD', 12345, 'BHD\xa0123.45'],
+            ['BHD', 1, 'BHD\xa00.01'],
         ])('Correctly displays %s', (currency, amount, expectedResult) => {
             expect(CurrencyUtils.convertToDisplayString(amount, currency)).toBe(expectedResult);
         });