XDR is the symbol for special drawing right issued by the International Monetary Fund. There are also codes specifying certain monetary instruments used in international finance, e.g.
BRL CAD FORMAT CODE
BRL CAD FORMAT ISO
In addition to codes for most active national currencies ISO 4217 provides codes for "supranational" currencies, procedural purposes, and several things which are "similar to" currencies: For example, the Russian ruble changed from RUR to RUB following a devaluation, where the B comes from the third letter in the word "ruble". Another solution to a devalued currency having the same name as its predecessor is to choose a third letter which results in a 3-letter code with mnemonic significance. 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 sometimes outlasts the usage of the term "new" itself (for example, the code for the Mexican peso is MXN). So that the two currencies have different codes, a different third letter must be chosen for the code of the new currency. The currency in question is replacing another currency of the same name, due to devaluation.ISO 4217 amendment 94, which created this code, states “The code element 'EU' has been reserved by the ISO 3166 Maintenance Agency for use within ISO 4217 where 'R' has been appended to make an acceptable mnemonic code.” Here the R comes from the third letter in the word “euro”. An example is the assignment of the code EUR to the euro. It is considered important that the code of a completely new currency be highly mnemonic.There may be a number of reasons for this: In some cases, the third letter of the alpha code is not the initial letter of a currency unit name.
BRL CAD FORMAT FULL
While in most cases the ISO code resembles an abbreviation of the currency's full name, this is not always the case, as currencies such as the renminbi and sterling have been assigned codes which do not closely resemble abbreviations of the official currency names. This eliminates the problem caused by the names dollar, franc, peso and pound being used in dozens of countries, each having significantly differing values. So Japan's currency code is JPY-JP for Japan and Y for yen. In the case of national currencies, the first two letters of the alpha code are the two letters of the ISO 3166-1 alpha-2 country code and the third is usually the initial of the currency's main unit. Note the Korean currency code should be KRW. ISO 4217 alpha codes are used on airline tickets and international train tickets to remove any ambiguity about the price.Ī list of exchange rates for various base currencies given by a money changer in Thailand, with the Thailand Baht as the counter (or quote) currency. In many countries the ISO 4217 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. The ISO 4217 code list is used in banking and business globally. The tables, history and ongoing discussion are maintained by SIX Interbank Clearing on behalf of ISO and the Swiss Association for Standardization.
The first edition of ISO 4217 was published in 1978.
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