Encyclopedia > ISO 4217

  Article Content

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, ISO. 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. However, there are some countries that have a Minor currency unit that is 1/10, 1/20 or even 1/5 of the Major currency unit. A few countries do not have a Minor currency unit at all. The first two letters of the code are the 2 letters of ISO 3166-1 alpha-2 country codes.

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 Rights. 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 dollar, the CFP franc[?], the CFA franc BEAC and the CFA franc BCEAO are normally also represented by codes beginning with an "X". However, the Euro is represented by the code EUR; although EU is not an ISO 3166-1 country code, it was used anyway, and in order to do so EU was added to the ISO 3166-1 reserved codes list to represent the European Union. The predecessor to the Euro, the European Currency Unit, 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.

Table of contents

Active codes

  • UAH[?] Ukrainian Hryvnia
  • UGX[?] Uganda Shilling
  • USD United States Dollar
  • USN United States Dollar (Next day) (Funds code)
  • USS[?] United States Dollar (Same day) (Funds code) (one source claims it is no longer used, but it is still on the ISO 4217-MA list)
  • UYU[?] Peso Uruguayo
  • UZS[?] Uzbekistan Sum

Obsolete Currency Codes

See also

External links

  • To look up both numeric and alphabetic ISO 4217 currency codes, see http://pacific.commerce.ubc.ca/xr/currency_table.
  • ISO 4217/MA (http://www.bsi-global.com/Technical+Information/Publications/_Publications/tig90.xalter) – ISO 4217 Maintenance Authority at the British Standards Institute – includes list of currency codes (not up-to-date).

All Wikipedia text is available under the terms of the GNU Free Documentation License

  Search Encyclopedia

Search over one million articles, find something about almost anything!
  Featured Article
Canadian Charter of Rights and Freedoms

... Constitution of Canada adopted in 1982. The Charter developed out of the United Nations human rights and freedoms movement as enunciated in the Universal Declaration of ...

This page was created in 31.9 ms