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In this tutorial, the speaker explains how to create a currency field in Salesforce. The process begins in the setup section, accessed by clicking on the gear icon. Object manager is then used to select the specific object, in this case, an account. Custom fields are created by choosing currency, specifying field labels, and deciding on the number of digits. The example given is the cost of an account. Cost is set to be up to 16 digits and 2 decimal places.
