diff --git a/src/pages/iou/IOUModal.js b/src/pages/iou/IOUModal.js
index a75b7f990cfe..9c6640dc2378 100755
--- a/src/pages/iou/IOUModal.js
+++ b/src/pages/iou/IOUModal.js
@@ -26,6 +26,8 @@ import CONST from '../../CONST';
 import KeyboardAvoidingView from '../../components/KeyboardAvoidingView';
 import * as PersonalDetails from '../../libs/actions/PersonalDetails';
 import ROUTES from '../../ROUTES';
+import networkPropTypes from '../../components/networkPropTypes';
+import {withNetwork} from '../../components/OnyxProvider';
 
 /**
  * IOU modal for requesting money and splitting bills.
@@ -50,6 +52,9 @@ const propTypes = {
         localCurrencyCode: PropTypes.string,
     }),
 
+    /** Information about the network */
+    network: networkPropTypes.isRequired,
+
     // Holds data related to IOU view state, rather than the underlying IOU data.
     iou: PropTypes.shape({
         /** Whether or not transaction creation has started */
@@ -138,11 +143,15 @@ class IOUModal extends Component {
     }
 
     componentDidMount() {
-        PersonalDetails.fetchLocalCurrency();
+        this.fetchData();
         IOU.setIOUSelectedCurrency(this.props.myPersonalDetails.localCurrencyCode);
     }
 
     componentDidUpdate(prevProps) {
+        if (prevProps.network.isOffline && !this.props.network.isOffline) {
+            this.fetchData();
+        }
+
         // Successfully close the modal if transaction creation has ended and there is no error
         if (prevProps.iou.creatingIOUTransaction && !this.props.iou.creatingIOUTransaction && !this.props.iou.error) {
             Navigation.dismissModal();
@@ -215,6 +224,10 @@ class IOUModal extends Component {
         return this.props.translate(this.steps[currentStepIndex]) || '';
     }
 
+    fetchData() {
+        PersonalDetails.fetchLocalCurrency();
+    }
+
     /**
      * Update comment whenever user enters any new text
      *
@@ -453,6 +466,7 @@ IOUModal.defaultProps = defaultProps;
 
 export default compose(
     withLocalize,
+    withNetwork(),
     withOnyx({
         report: {
             key: ({route}) => `${ONYXKEYS.COLLECTION.REPORT}${lodashGet(route, 'params.reportID', '')}`,