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In this tutorial, the speaker explains how to create a currency field in Salesforce. To start, go to the setup by clicking the gear icon. Then navigate to object manager, select the object (e.g., account), and go to fields and relationships to create a new custom field. Choose currency, set the field label (e.g., cost), and specify the number of digits for the currency amount. This field can be used to track the cost of an account within Salesforce.