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In many countries the ISO alpha 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 delineate the currencies, instead of translated currency names or ambiguous currency symbols. ISO alpha codes are used on airline tickets and international train tickets to remove any ambiguity about the price. In the case of national currencies, the first two letters of the alpha code are the two letters of the ISO alpha-2 country code and the third is usually the initial of the currency itself.

This eliminates the problem caused by the names dollar , franc , peso and pound being used in dozens of countries, each having significantly differing values. In some cases, the third letter of the alpha code is not the initial letter of the currency name.

There are two possible reasons for this to happen:. Numismatics portal. In addition to codes for most active national currencies ISO provides codes for "supranational" currencies, procedural purposes, and several things which are "similar to" currencies:. The use of an initial letter "X" for these purposes is facilitated by the ISO rule that no official country code beginning with X will ever be assigned.

The inclusion of EU denoting the European Union in the ISO 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. ISO also assigns a three-digit numeric code to each currency, much like the three-digit numeric code assigned to each country by ISO The numeric code assigned to a currency by ISO is usually the same as the numeric code assigned to the corresponding country by ISO Requirements sometimes arise for values to be expressed in terms of minor units of currency.

When this occurs, it is necessary to know the decimal relationship that exists between the currency concerned and its minor unit. The names of the minor units are not given. As of [update] , two currencies have non-decimal ratios, the Mauritanian ouguiya and the Malagasy ariary ; in both cases the ratio is 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. Note that, as illustrated, the order is determined not by the currency, but by the native language of the document context.

In , 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. Such changes usually originate from the formation of new countries, treaties between countries on shared currencies or monetary unions, or redenomination from 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 currency names as of 29 August [update]. In the standard the values are called "alphabetic code", "numeric code", "minor unit", and "entity". As of August , there are no new codes planned to be added to the standard. A number of active currencies do not have an ISO code, because they may be: 1 a minor currency pegged at par to a larger currency, even if independently regulated, 2 a currency only used for commemorative banknotes or coins, or 3 a currency of an unrecognized or partially recognized state.

These currencies include:. See Category:Fixed exchange rate for a list of all currently pegged currencies. Despite having no official recognition in ISO , the following non-ISO codes are sometimes used locally or commercially. Minor units of currency also known as currency subdivisions or currency subunits are often used for pricing and trading stocks and other assets, such as energy, [26] but are not assigned codes by ISO Two conventions for representing minor units are in widespread use:.

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A third convention is similar to the second one but uses an upper-case letter, e. This convention is not in widespread use as it would result in clashes, e. A number of currencies had official ISO currency codes and currency names until their replacement by another currency. The table below shows the ISO currency codes of former currencies and their common names which do not always match the ISO names.

From Wikipedia, the free encyclopedia. It is not to be confused with Currency symbol. Standard that defines codes for the representation of currencies. See also: List of cryptocurrencies.

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Money portal Banks portal. See the list of circulating currencies for de facto currency use. Bosnia and Herzegovina issued their own currency when the dinar entered circulation. Retrieved ISO Maintenance Agency. Rules for expressing monetary units". The Hongkong and Shanghai Banking Corporation. Retrieved 30 April Newmarket, Ontario: XE. Archived from the original on Dictionary of International Trade Finance Terms.

Canterbury: Financial World Publishing. ISBN Houston, Texas: Monetary Research Institute. Publications Office of the European Union. London Stock Exchange. Johannesburg Stock Exchange. London: BSI Group. Lisbon: Banco de Portugal. Coins of Malta. BSI Group. Swiss Association for Standardization. Archived from the original on 5 September ISO standards by standard number. Hidden categories: CS1 Spanish-language sources es Articles with short description Short description is different from Wikidata Use dmy dates from November Articles containing potentially dated statements from All articles containing potentially dated statements All articles with unsourced statements Articles with unsourced statements from September Articles containing potentially dated statements from August Articles with unsourced statements from February Articles with unsourced statements from August Namespaces Article Talk.

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Credit cards Medals Tokens Cheques. Stocks Bonds. Glossary of numismatics Numismatics portal Money portal. United Arab Emirates dirham.

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United Arab Emirates. Netherlands Antillean guilder. Bosnia and Herzegovina convertible mark. Bosnia and Herzegovina. Democratic Republic of the Congo. WIR euro complementary currency. Switzerland , Liechtenstein LI. WIR franc complementary currency. Chinese yuan [8]. Costa Rican colon. Costa Rica. Cuban convertible peso. Cabo Verde.

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