ISO 4217 is a standard published by International Organization for Standardization. It defines alpha codes and numeric codes for the representation of currencies. The codes are used on airline tickets and international train tickets to remove any ambiguity about the price. Some currencies do not have any minor currency unit at all.
About ISO 4217 in brief
ISO 4217 is a standard published by International Organization for Standardization. It defines alpha codes and numeric codes for the representation of currencies. The codes are used on airline tickets and international train tickets to remove any ambiguity about the price. Some currencies do not have any minor currency unit at all. The ISO standard does not regulate either the spacing, prefixing or suffixing in usage of currency codes. In English, Irish, Latvian and Latvese texts, in English, the code is to be followed by a hard space and the amount is reversed; the order is reversed in Swedish and the ISO4217 code is followed by the alphabetic code.
In 1973, the UNECE Group of Experts agreed that the three-letter codes for currency, but not for non-supranational currencies, should be used. The first edition of ISO 42 17 was published in 1978 and is maintained by SIX Interbank Clearing on behalf of ISO and the Swiss Association for Standardized. As of 2020, two currencies have non-decimal ratios, the Mauritanian ouguiya and the Malagasy ariary; in both cases the ratio is 5: 1. For these, the “Minor unit” column shows the number “2”, for these, For the United States dollar and the Bahraini dinar, for which the column headed “ minor unit’s shows ‘2’ and “3’ respectively.
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This page is based on the article ISO 4217 published in Wikipedia (as of Dec. 26, 2020) and was automatically summarized using artificial intelligence.
