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Today, in this YouTube tutorial, we will be adding a new custom currency and symbol in WooCommerce WordPress using custom code. Before we begin, the creator asks viewers to subscribe to their channel. To start, navigate to the WordPress dashboard and click on "Plugins" on the left side, then "Add New". Search for the plugin called "WP Code Insert Adder and Footer" and install and activate it. Next, go to the "Code Snippets" section on the left and click on "Add Snippet", where you can add your custom code. Create a title for your snippet, select "PHP Snippet" from the dropdown menu, and paste the code provided in the video description or comments. Within the code, you can input your custom currency name.