diff --git a/src/reducers/settings.js b/src/reducers/settings.js
index fc1aa1ca..40773c03 100644
--- a/src/reducers/settings.js
+++ b/src/reducers/settings.js
@@ -177,18 +177,12 @@ export const getOrderAccounts = (state: State) => state.settings.orderAccounts
 
 export const areSettingsLoaded = (state: State) => state.settings.loaded
 
-// TODO: avoid this memoize hack (i thought reselect was doing it for us)
-const __memoizedCurrencySettingsLocaleValues = {}
 export const currencySettingsLocaleSelector = (
   settings: SettingsState,
   currency: Currency,
 ): CurrencySettings => {
-  if (__memoizedCurrencySettingsLocaleValues[currency.id]) {
-    return __memoizedCurrencySettingsLocaleValues[currency.id]
-  }
   const currencySettings = settings.currenciesSettings[currency.id]
   const val = { ...defaultsForCurrency(currency), ...currencySettings }
-  __memoizedCurrencySettingsLocaleValues[currency.id] = val
   return val
 }