An airline ticket showing the price in the ISO 4217 code EUR and not the currency sign €. An airline ticket generally was a document created by an Airline or a Travel agent to confirm that an individual has purchased a seat on an airplane Please update other articles as well to avoid contradiction within Wikipedia e A currency sign is a graphic symbol often used as a shorthand for a Currency 's name The euro sign (€ is the Currency sign used for the Euro, the official currency of the European Union (EU (bottom left of ticket)

ISO 4217 is the international standard describing three-letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). International standards are Standards developed by international Standards organisations International standards are available for consideration and use worldwide A currency is a unit of exchange, facilitating the transfer of Goods and/or services It is one form of Money, where money is The ISO 4217 code list is the established norm in banking and business all over the world for defining different currencies, and in many countries the codes for the more common currencies are so well known publicly, that exchange rates published in newspapers or posted in banks use only these to define the different currencies, instead of translated currency names or ambiguous currency symbols. A banker or bank is a Financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money A business (also called firm or an enterprise) is a legally recognized organizational entity designed to provide goods and/or services to In Finance, the exchange rates (also known as the foreign-exchange rate, forex rate or FX rate) between two currencies specifies how A banker or bank is a Financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money A currency sign is a graphic symbol often used as a shorthand for a Currency 's name ISO 4217 codes are used on airline tickets and international train tickets to remove any ambiguity about the price. An airline ticket generally was a document created by an Airline or a Travel agent to confirm that an individual has purchased a seat on an airplane

The first two letters of the code are the two letters of ISO 3166-1 alpha-2 country codes (which are also used as the basis for national top-level domains on the Internet) and the third is usually the initial of the currency itself. ISO 3166-1 alpha-2 codes are two-letter Country codes in the ISO 3166-1 standard to represent countries and dependent territories. Country codes are short alphabetic or numeric geographical Codes ( Geocodes developed to represent countries and dependent areas for use in data processing A country The Internet is a global system of interconnected Computer networks So Japan's currency code becomes JPY—JP for Japan and Y for yen. For a topic outline on this subject see List of basic Japan topics. This eliminates the problem caused by the names dollar, franc and pound being used in dozens of different countries, each having significantly differing values. The dollar (often represented by the Dollar sign: "$" is the name of the official Currency in several countries dependencies and other Origins The franc was originally a French Gold coin of 387 g minted in 1360 on the occasion of the release of King John II ("the good", held by the The pound, a unit of currency originated in England as the value of a pound mass of Silver. Also, if a currency is revalued, the currency code's last letter is changed to distinguish it from the old currency. In some cases, the third letter is the initial for "new" in that country's language, to distinguish it from an older currency that was revalued; the code often long outlasts the usage of the term "new" itself. Examples of this include the Mexican peso (MXN) and the Turkish lira (TRY). The peso ( sign: $; code: MXN) is the currency of Mexico. The symbol used for the peso is " $ " basically The new lira (yeni türk lirası is the Currency of Turkey. The de facto independent state of the Turkish Republic of Northern Cyprus also Other changes can be seen, however; the Russian ruble, for example, changed from RUR to RUB, where the B comes from the third letter in the word "ruble". The ruble or rouble (рубль rublʹ, plural ru рубли́ rubli; see note on English spelling and Russian plurals with numbers

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. ISO 3166 is a three-part Geographic coding standard for coding the names of countries and Dependent areas and the principal subdivisions This numeric code is usually the same as the ISO 3166 numeric code. For example, USD (US Dollar) has code 840 which is also the numeric code for US (United States). The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been

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. In others, the major currency unit has so little value that the minor unit is no longer generally used (e. g. the Japanese sen, 1/100th of a yen). Mauritania does not use a decimal division of units, setting 1 ouguiya (UM) = 5 khoums, and Madagascar has 1 ariary = 5 iraimbilanja. Mauritania (موريتانيا Mūrītāniyā officially the Islamic Republic of Mauritania, is a country MRO is also the acronym for the Mars Reconnaissance Orbiter The ouguiya ( Arabic: أوقية Currency code: MRO is the The khoums ( Arabic خمس "fifth" is the subdivisory unit of the Mauritanian Ouguiya. Madagascar, or Republic of Madagascar (older name Malagasy Republic) is an Island nation in the Indian Ocean off the southeastern The ariary ( ISO 4217 code MGA is the currency of Madagascar. The iraimbilanja (singular and plural is the divisory currency unit of Madagascar, being equal to one fifth of an Ariary. This is indicated in the standard by the currency exponent. For example USD has exponent 2, while JPY has exponent 0.

ISO 4217 includes codes not only for currencies, but also for precious metals (gold, silver, palladium and platinum; by definition expressed per one troy ounce, as compared to "1 USD") and certain other entities used in international finance, e. Gold (ˈɡoʊld is a Chemical element with the symbol Au (from its Latin name aurum) and Atomic number 79 Silver (ˈsɪlvɚ is a Chemical element with the symbol " Ag " (argentum from the Ancient Greek: ἀργήντος - argēntos gen Palladium (pronounced \pəˈleɪdiəm\ is a rare and lustrous silvery-white metal that was discovered in 1803 by William Hyde Wollaston, who named it palladium after the Platinum (ˈplætɪnəm is a Chemical element with the Atomic symbol Pt and an Atomic number of 78 Troy weight is a system of units of Mass customarily used for Precious metals Black powder, and Gemstones Named after Troyes g. Special Drawing Rights. Special Drawing Rights ( SDRs) is a potential claim on the freely usable currencies of International Monetary Fund members 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". The precious metals use "X" plus the metal's chemical symbol; silver, for example, is XAG. See also Chemical formula. A chemical symbol is an Abbreviation or shortened version of the name of a Chemical element ISO 3166 never assigns country codes beginning with "X" while these codes are assigned for privately customized use only (reserved, never for official codes), so ISO 4217 can use "X" codes for non-country-specific currencies without risk of clashing with future country codes.

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". The East Caribbean dollar ( Currency code XCD) is the Currency of eight of the nine members of the Organisation of Eastern Caribbean States The CFP franc (called the franc in everyday use is the Currency used in the French overseas possessions of French Polynesia, New Caledonia The CFA franc (in French: franc CFA, "céfa" or just franc colloquially is a currency used in twelve formerly French -ruled The euro is represented by the code EUR (EU is included in the ISO 3166-1 reserved codes list to represent the European Union). Please update other articles as well to avoid contradiction within Wikipedia e Wikipedia talkFeatured lists for an explanation of this and other inclusion tags below --> ISO 3166-1, as part of the ISO 3166 standard The European Union ( EU) is a political and economic union of twenty-seven member states, located primarily in The predecessor to the euro, the European Currency Unit, had the code XEU. The European Currency Unit ( ₠; ECU) (the word ECU pronounced either /eky/ /ɛkʊ/ or /əː'siː'uː was a basket of the currencies of the European Community

History

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. At the 17th session (February 1978) of the related UN/ECE Group of Experts agreed that the three-letter alphabetic codes for International Standard ISO 4217, "Codes for the representation of currencies and funds", would be suitable for use in international trade. The United Nations ( UN) is an International organization whose stated aims are to facilitate cooperation in International law, International security The United Nations Economic Commission for Europe (UNECE or ECE was established in 1947 to encourage economic cooperation among its member States

Over time, new currencies are created and old currencies are discontinued. Frequently, these changes are due to new governments (through war or a new constitution), treaties between countries standardizing on a currency, or revaluation of the currency due to excessive inflation. 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. BSI Group, also known in its home market as the British Standards Institution (or BSI) is a multinational business services provider whose principal activity

Active codes

The following is a list of active codes of official ISO 4217 currency names.

Explanation of USD/USS/USN

The US dollar actually has three codes assigned: USD, USS (same day) and USN (next day). The rial or riyal is the currency of Yemen. It is technically divided into 100 fils, although coins denominated in fils have not been issued since Yemen ( Arabic: اليَمَن al-Yaman officially the Republic of Yemen ( Arabic: الجمهورية اليمنية al-Jumhuuriyya The rand ( sign: R; code: ZAR) is the Currency of South Africa. The Republic of South Africa (also known by other official names) is a country located at the southern tip of the continent of Africa The kwacha ( ISO 4217 code ZMK is the currency of Zambia. It is subdivided into 100 ngwee. The Republic of Zambia (ˈzæmbɪə is a Landlocked country in Southern Africa. The dollar is the Currency of Zimbabwe. It is subdivided into 100 cents. See also Great Zimbabwe National Monument. For information about the March and June 2008 presidential elections see Zimbabwean presidential election The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been According to UN/CEFACT recommendation 9, paragraphs 8-9 (ECE/TRADE/203, 1996, available online:

8. In applications where monetary resources associated with a currency (i. e. funds) need not be specified and where a field identifier indicating currency is used, the first two (leftmost) characters are sufficient to identify a currency–example: US for United States dollars for general, unspecified purposes where a field identifier indicating currency is present. (A field identifier can be a preprinted field heading in an aligned document or a similarly-agreed application in electronic transmission of data. )

9. In applications where there is a need to distinguish between different types of currencies, or where funds are required as in the banking environment, or where there is no field identifier, the third (rightmost) character of the alphabetic code is an indicator, preferably mnemonic, derived from the name of the major currency unit or fund – example: USD for general, unspecified purposes; USN for United States dollar next-day funds, and USS for funds which are immediately available for Federal Reserve transfer, withdrawal in cash or transfer in like funds (same-day funds). Since there is no need for such a distinction in international trade applications, the funds codes have not been included in the Annex to the present Recommendation.

Without currency code

A number of territories are not included in ISO 4217, because their currencies are not per se an independent currency, but a variant of another currency. These currencies are:

1. Faroese króna (1:1 pegged to the Danish krone)
2. Guernsey pound (1:1 pegged to the pound sterling)
3. Jersey pound (1:1 pegged to the pound sterling)
4. Isle of Man pound (1:1 pegged to the pound sterling)
5. Tuvaluan dollar (1:1 pegged to the Australian dollar). The króna (plural krónur) is the Currency of the Faroe Islands. The krone ( sign: kr; code: DKK) is the Currency of Denmark, including the autonomous provinces of Greenland The pound is the currency of Guernsey. Since 1921 Guernsey has been in Currency union with the United Kingdom and the Guernsey pound is not a separate currency The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency The pound is the currency of Jersey. Jersey is in Currency union with the United Kingdom and the Jersey pound is not a separate currency but is an issue of banknotes The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency The Manx pound or Isle of Man pound is a local issue of the Pound sterling, issued by the Isle of Man The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency The dollar is the currency of Tuvalu. From 1966 to 1976 Tuvalu used the Australian dollar. The Australian dollar ( sign: $; code: AUD) is the Currency of the Commonwealth of Australia, including Christmas
6. Cook Islands dollar (1:1 pegged to the New Zealand dollar). The dollar is the currency of the Cook Islands. The dollar is subdivided into 100 cents ' although some 50 cent coins carry the denomination as "50 The New Zealand dollar ( sign: $; code: NZD) is the Currency of New Zealand.
7. Cuban convertible peso (pegged to the US dollar)

The following non-ISO codes are, however, sometimes used commercially:^[2]

Obsolete currency codes

A number of currencies were official ISO 4217 currency codes and currency names until their replacement by the euro. The convertible peso (sometimes given as CUC$) (informally called a chavito) is one of two official currencies in Cuba, the other being the peso The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Please update other articles as well to avoid contradiction within Wikipedia e

Note that the currency names used below may not match the currency names used in the ISO standard itself, but the codes do match.

See also

• List of circulating currencies
• Currency
• Tables of historical exchange rates
• List of international trade topics
• SWIFT and SWIFT code

References

External links

• The official list of ISO-4217 alphabetic and numeric codes
• ISO 4217 Maintenance Agency
• An older list of ISO-4217 alphabetic codes that contains some history of ISO-4217 (PDF file)
• Another list of numeric and alphabetic ISO 4217 currency codes
• Extended list of international currencies and their abbreviation form

Currency conversion

• Yahoo Currency Converter, also showing historical values