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What does ISO 4217-2015 mean for currencies with minor units?
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What is ISO 4217 currency code?
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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.
Most currencies have two decimals. Some currencies do not have decimals, and some have three decimals. For example: GBP 10: GBP has two decimals, so in minor units submit an amount of 1000; JPY 10: JPY has no decimals, so in minor units submit an amount of 10; BHD 10: BHD has three decimals, so in minor units submit an amount of 10000
CodeCurrencyDecimalsAEDUAE Dirham2ALLAlbanian Lek2AMDArmenian Dram2ANGAntillian Guilder2The 2008 (7th) edition of ISO 4217 says the following about minor units of currency: 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.
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.
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 three as well as the codes representing certain funds in List two.
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...
