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Pound symbol(£) issue in 12.2.7 modules

Hi
We are upgrading our e-business applications from 12.1.3 to 12.2.7.
While doing our internal testing, we identified that when we enter £ symbol in item description( in Iprocurment) it adds junk characters when we tab on to next fields. The same issue exists across modules (like payables, receivables).

We are using NLS_CHARACTERSET = 'UTF8' and NLS_NCHAR_CHARACTERSET ='AL16UTF16;. Our database version is 12.1.0.2.0.


Please help us resolve the above issue.

Thanks
Santhosh



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