diff --git a/src/CONST.ts b/src/CONST.ts
index ab81786145ec..045bbbba7c12 100755
--- a/src/CONST.ts
+++ b/src/CONST.ts
@@ -6490,6 +6490,8 @@ const CONST = {
     },
 
     CORPAY_FIELDS: {
+        EXCLUDED_COUNTRIES: ['IR', 'CU', 'SY', 'UA', 'KP', 'RU'] as string[],
+        EXCLUDED_CURRENCIES: ['IRR', 'CUP', 'SYP', 'UAH', 'KPW', 'RUB'] as string[],
         BANK_ACCOUNT_DETAILS_FIELDS: ['accountNumber', 'localAccountNumber', 'routingCode', 'localRoutingCode', 'swiftBicCode'] as string[],
         ACCOUNT_TYPE_KEY: 'BeneficiaryAccountType',
         BANK_INFORMATION_FIELDS: ['bankName', 'bankAddressLine1', 'bankAddressLine2', 'bankCity', 'bankRegion', 'bankPostal', 'BeneficiaryBankBranchName'] as string[],
diff --git a/src/components/CurrencyPicker.tsx b/src/components/CurrencyPicker.tsx
index 6d2f4826fbc5..843c085900b0 100644
--- a/src/components/CurrencyPicker.tsx
+++ b/src/components/CurrencyPicker.tsx
@@ -24,9 +24,12 @@ type CurrencyPickerProps = {
 
     /** Form Error description */
     errorText?: string;
+
+    /** List of currencies to exclude from the list */
+    excludeCurrencies?: string[];
 };
 
-function CurrencyPicker({value, errorText, headerContent, onInputChange = () => {}}: CurrencyPickerProps) {
+function CurrencyPicker({value, errorText, headerContent, excludeCurrencies, onInputChange = () => {}}: CurrencyPickerProps) {
     const {translate} = useLocalize();
     const [isPickerVisible, setIsPickerVisible] = useState(false);
     const styles = useThemeStyles();
@@ -75,6 +78,7 @@ function CurrencyPicker({value, errorText, headerContent, onInputChange = () =>
                         initiallySelectedCurrencyCode={value}
                         onSelect={updateInput}
                         searchInputLabel={translate('common.search')}
+                        excludedCurrencies={excludeCurrencies}
                     />
                 </ScreenWrapper>
             </Modal>
diff --git a/src/components/CurrencySelectionList/index.tsx b/src/components/CurrencySelectionList/index.tsx
index 1e8b5294286f..4d9bb0fdf9be 100644
--- a/src/components/CurrencySelectionList/index.tsx
+++ b/src/components/CurrencySelectionList/index.tsx
@@ -17,6 +17,7 @@ function CurrencySelectionList({
     selectedCurrencies = [],
     canSelectMultiple = false,
     recentlyUsedCurrencies,
+    excludedCurrencies = [],
 }: CurrencySelectionListProps) {
     const [currencyList] = useOnyx(ONYXKEYS.CURRENCY_LIST);
     const [searchValue, setSearchValue] = useState('');
@@ -25,7 +26,7 @@ function CurrencySelectionList({
     const {sections, headerMessage} = useMemo(() => {
         const currencyOptions: CurrencyListItem[] = Object.entries(currencyList ?? {}).reduce((acc, [currencyCode, currencyInfo]) => {
             const isSelectedCurrency = currencyCode === initiallySelectedCurrencyCode || selectedCurrencies.includes(currencyCode);
-            if (isSelectedCurrency || !currencyInfo?.retired) {
+            if (!excludedCurrencies.includes(currencyCode) && (isSelectedCurrency || !currencyInfo?.retired)) {
                 acc.push({
                     currencyName: currencyInfo?.name ?? '',
                     text: `${currencyCode} - ${CurrencyUtils.getCurrencySymbol(currencyCode)}`,
@@ -86,7 +87,7 @@ function CurrencySelectionList({
         }
 
         return {sections: result, headerMessage: isEmpty ? translate('common.noResultsFound') : ''};
-    }, [currencyList, searchValue, translate, initiallySelectedCurrencyCode, selectedCurrencies, getUnselectedOptions, recentlyUsedCurrencies]);
+    }, [currencyList, recentlyUsedCurrencies, searchValue, getUnselectedOptions, translate, initiallySelectedCurrencyCode, selectedCurrencies, excludedCurrencies]);
 
     return (
         <SelectionList
diff --git a/src/components/CurrencySelectionList/types.ts b/src/components/CurrencySelectionList/types.ts
index 5cfef604ab94..22068c849234 100644
--- a/src/components/CurrencySelectionList/types.ts
+++ b/src/components/CurrencySelectionList/types.ts
@@ -23,6 +23,9 @@ type CurrencySelectionListProps = {
 
     /** Whether this is a multi-select list */
     canSelectMultiple?: boolean;
+
+    /** List of excluded currency codes */
+    excludedCurrencies?: string[];
 };
 
 export type {CurrencyListItem, CurrencySelectionListProps};
diff --git a/src/pages/settings/Wallet/InternationalDepositAccount/substeps/BankAccountDetails.tsx b/src/pages/settings/Wallet/InternationalDepositAccount/substeps/BankAccountDetails.tsx
index 782a4eafb091..cbd2efc0a2da 100644
--- a/src/pages/settings/Wallet/InternationalDepositAccount/substeps/BankAccountDetails.tsx
+++ b/src/pages/settings/Wallet/InternationalDepositAccount/substeps/BankAccountDetails.tsx
@@ -72,6 +72,7 @@ function BankAccountDetails({isEditing, onNext, resetScreenIndex, formValues, fi
                         value={formValues.bankCurrency}
                         onInputChange={onCurrencySelected}
                         headerContent={currencyHeaderContent}
+                        excludeCurrencies={CONST.CORPAY_FIELDS.EXCLUDED_CURRENCIES}
                     />
                 </View>
                 {Object.values(fieldsMap[CONST.CORPAY_FIELDS.STEPS_NAME.BANK_ACCOUNT_DETAILS] ?? {}).map((field) => (
diff --git a/src/pages/settings/Wallet/InternationalDepositAccount/substeps/CountrySelection.tsx b/src/pages/settings/Wallet/InternationalDepositAccount/substeps/CountrySelection.tsx
index dc16737a5dbc..fee2dddbfb50 100644
--- a/src/pages/settings/Wallet/InternationalDepositAccount/substeps/CountrySelection.tsx
+++ b/src/pages/settings/Wallet/InternationalDepositAccount/substeps/CountrySelection.tsx
@@ -43,16 +43,18 @@ function CountrySelection({isEditing, onNext, formValues, resetScreenIndex}: Cus
 
     const countries = useMemo(
         () =>
-            Object.keys(CONST.ALL_COUNTRIES).map((countryISO) => {
-                const countryName = translate(`allCountries.${countryISO}` as TranslationPaths);
-                return {
-                    value: countryISO,
-                    keyForList: countryISO,
-                    text: countryName,
-                    isSelected: currentCountry === countryISO,
-                    searchValue: StringUtils.sanitizeString(`${countryISO}${countryName}`),
-                };
-            }),
+            Object.keys(CONST.ALL_COUNTRIES)
+                .filter((countryISO) => !CONST.CORPAY_FIELDS.EXCLUDED_COUNTRIES.includes(countryISO))
+                .map((countryISO) => {
+                    const countryName = translate(`allCountries.${countryISO}` as TranslationPaths);
+                    return {
+                        value: countryISO,
+                        keyForList: countryISO,
+                        text: countryName,
+                        isSelected: currentCountry === countryISO,
+                        searchValue: StringUtils.sanitizeString(`${countryISO}${countryName}`),
+                    };
+                }),
         [translate, currentCountry],
     );