Home > ISO 4217
ISO 4217 is an international standard describing three letter codes to define the names of currencies established by the International Organization for Standardization or ISO.The first two letters of the code are the two letters of ISO 3166-1 alpha-2 country codes (which are similar to those used for national top-level domains on the internet) and the third is usually the initial of the currency itself. So Japan's currency code becomes JPY -- JP for Japan and Y for yen. This eliminates the problem caused by the names dollar, franc and pound being used in dozens of different countries, all with wildly differing values.
The standard also defines the relationship between the major currency unit and any minor currency unit. Often, the minor currency unit has a value that is 1/100 of the major unit, but 1/10 or 1/1000 are also common. Some currencies do not have any minor currency unit at all. Mauritania does not use a decimal division of units setting 1 ouguiya (UM) = 5 khoums.
ISO 4217 includes codes for not only currencies, but also codes for precious metals ( gold, silver, palladium and platinum; normally measured in troy ounces) and certain other entities used in international finance, e.g. Special Drawing RightsSpecial Drawing Rights are an artificial currency unit that was created by the International Monetary Fund in 1969. SDRs are defined in terms of a basket of major currencies used in international trade and finance. At present, the currencies in the basket. There are also special codes allocated for testing purposes (XTS), and to indicate no currency transactions (XXX). These codes all begin with the letter "X".
Supranational currencies, such as the East Caribbean dollarThe East Caribbean Dollar is the currency of eight political units in the Caribbean Sea. Six of these are independent states, namely Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, St Lucia and St Vincent and the Grenadines. Two are UK oversea, the CFP francThe CFP franc (in French: franc Pacifique or franc CFP ; CFP stood for Colonies francaises du Pacifique (i. French colonies of the Pacific") and is now standing for Change franc Pacifique (i. Pacific franc exchange"); ISO 4217 currency code: XPF is a curr, the CFA franc BEAC and the CFA franc BCEAO are normally also represented by codes beginning with an "X". However, the EuroThe euro ISO 4217 code EUR is the currency of twelve of the twenty-five nations that form the European Union (and four outside it, as well as Montenegro and Kosovo), which form the Economic and Monetary Union (EMU). It is the result of the most significan is represented by the code EUR; although EU is not an ISO 3166-1ISO 3166-1 as part of the ISO 3166 standard provides codes for the names of countries and dependent areas. It was first published in 1974 by the International Organization for Standardization and defines three different codes for each area: ISO 3166-1 alp country code, it was used anyway, and in order to do so EU was added to the ISO 3166-1ISO 3166-1 as part of the ISO 3166 standard provides codes for the names of countries and dependent areas. It was first published in 1974 by the International Organization for Standardization and defines three different codes for each area: ISO 3166-1 alp reserved codes list to represent the European UnionFor other uses, see EU (disambiguation). The European Union or EU is a supranational organisation of 25 European states. It was established with that name by the Treaty on European Union (commonly known as the Maastricht Treaty) in 1992 but many aspects o. The predecessor to the Euro, the European Currency UnitThe European Currency Unit (₠; ECU was a basket of the currencies of the European Community member states, used as the unit of account of the European Community, before being replaced by the Euro. The European Exchange Rate Mechanism attempted to m, had the code XEU.
Over time, new currencies are created and old currencies are discontinued. As a result, the list of codes must be updated from time to time. The ISO 4217 maintenance agency (MA), the British Standards Institution, is responsible for maintaining the list of codes.
