diff --git a/Gemfile b/Gemfile
index a0850118f..38ee1fd7d 100644
--- a/Gemfile
+++ b/Gemfile
@@ -51,7 +51,7 @@ gem 'jbuilder', '~> 2.2.6'  # json api
 # registry specfic
 gem 'simpleidn', '~> 0.0.5' # For punycode
 gem 'isikukood' # for EE-id validation
-gem 'money-rails', '~> 1.3.0', require: false # Money helpers
+gem 'money-rails', '~> 1.4.1'
 
 # deploy
 gem 'whenever', '~> 0.9.4', require: false
diff --git a/Gemfile.lock b/Gemfile.lock
index 8cd15356c..9ce7c41bc 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -284,7 +284,7 @@ GEM
       money (~> 6.5.0)
     money (6.5.1)
       i18n (>= 0.6.4, <= 0.7.0)
-    money-rails (1.3.0)
+    money-rails (1.4.1)
       activesupport (>= 3.0)
       monetize (~> 1.1.0)
       money (~> 6.5.0)
@@ -562,7 +562,7 @@ DEPENDENCIES
   kaminari (~> 0.16.3)
   launchy (~> 2.4.3)
   mina (~> 0.3.1)
-  money-rails (~> 1.3.0)
+  money-rails (~> 1.4.1)
   newrelic_rpm (~> 3.9.9.275)
   nokogiri (~> 1.6.6.2)
   nprogress-rails (~> 0.1.6.7)
diff --git a/config/application.rb b/config/application.rb
index 70b6d3ae3..9931ce25e 100644
--- a/config/application.rb
+++ b/config/application.rb
@@ -9,9 +9,6 @@ require 'action_view/railtie'
 require 'sprockets/railtie'
 # require "rails/test_unit/railtie"
 
-# fix, otherwise rake db:all:setup not working
-require 'money-rails/hooks'
-
 # Require the gems listed in Gemfile, including any gems
 # you've limited to :test, :development, or :production.
 Bundler.require(*Rails.groups)
diff --git a/config/initializers/money.rb b/config/initializers/money.rb
index 52bee2ee9..30df8eadf 100644
--- a/config/initializers/money.rb
+++ b/config/initializers/money.rb
@@ -1,5 +1,4 @@
 # encoding : utf-8
-require 'money-rails'
 
 MoneyRails.configure do |config|