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What does ISO 4217-2015 mean for currencies with minor units?
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For currencies having minor units, ISO 4217:2015 also shows the relationship between the minor unit and the currency itself (i.e. whether it divides into 100 or 1000). ISO 4217:2015 also describes historical codes in List 3, as well as the codes representing certain funds in List 2.
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, but are not assigned codes by ISO 4217. Two conventions for representing minor units are in widespread use: Replacing the third letter of the ISO 4217 Code of the parent currency with ...
For CLP, CVE, IDR, and ISK the ISO 4217 standard has a different number of decimals than shown in the table below. However, the decimals in the table below are leading for submitting amounts in minor units.
CodeCurrencyDecimalsAEDUAE Dirham2ALLAlbanian Lek2AMDArmenian Dram2ANGAntillian Guilder2For currencies having minor units, ISO 4217:2015 also shows the relationship between the minor unit and the currency itself (i.e. whether it divides into 100 or 1000). ISO 4217:2015 also describes historical codes in List three as well as the codes representing certain funds in List two.
ISO 4217:2015 specifies the structure for a three-letter alphabetic code and an equivalent three-digit numeric code for the representation of currencies. For those currencies having minor units, it also shows the decimal relationship between such units and the currency itself.
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This International Standard specifies the structure for a three-letter alphabetic code and an equivalent three-digit numeric code for the representation of currencies. For those currencies having minor units, it also shows the decimal relationship between such units and the currency itself.
Apr 27, 2022 · According to the ISO website, "ISO 4217:2015 specifies the structure for a three-letter alphabetic code and an equivalent three-digit numeric code for the...