Jump to navigation Jump to search “Currency code” redirects here. It is not to be confused with Currency sign. The tables, history and ongoing discussion are maintained by SIX Interbank Clearing eur bitcoin wiki behalf of ISO and the Swiss Association for Standardization. The ISO 4217 code list is used in banking and business globally.
The code XTS is reserved for use in testing. The code XXX is used to denote a “transaction” involving no currency. There are also codes specifying certain monetary instruments used in international finance, e. XDR is the symbol for special drawing right issued by the International Monetary Fund. The codes for most supranational currencies, such as the East Caribbean dollar, the CFP franc, the CFA franc BEAC and the CFA franc BCEAO. The use of an initial letter “X” for these purposes is facilitated by the ISO 3166 rule that no official country code beginning with X will ever be assigned. Because of this rule ISO 4217 can use X codes without risk of clashing with a future country code.
ISO 3166-1 reserved codes list, allows the euro to be coded as EUR rather than assigned a code beginning with X, even though it is a supranational currency. The ISO 4217 standard includes a crude mechanism for expressing the relationship between a major currency unit and its corresponding minor currency unit. This mechanism is called the currency “exponent” and assumes a base of 10. 100 of its minor currency unit the “cent”. There is also a three-digit code number assigned to each currency, in the same manner as there is also a three-digit code number assigned to each country as part of ISO 3166. This numeric code is usually the same as the ISO 3166-1 numeric code.
The ISO standard does not regulate either the spacing, prefixing or suffixing in usage of currency codes. In 1973, the ISO Technical Committee 68 decided to develop codes for the representation of currencies and funds for use in any application of trade, commerce or banking. Over time, new currencies are created and old currencies are discontinued. Frequently, these changes are due to the formation of new governments, treaties between countries standardizing on a shared currency, or revaluation of an existing currency due to excessive inflation. As a result, the list of codes must be updated from time to time. The following is a list of active codes of official ISO 4217 currency names. In the standard the values are called “alphabetic code”, “numeric code”, and “minor unit”.
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