Do minor currency units have a ISO standard?

Question

ISO 4217 defines 3-letter currency symbols:

• EUR
• USD
• LKR
• GBP

Do currencies\' minor units (cent, pence

Answer 1

In the financial markets there's roughly two established industry standards.

The first one is really a case-by-case agreement, mostly enforced by exchanges that have their securities quote in the minor currency unit. This lead to:

• GBX for British pence
• ZAC for South-African cents
• ILA for Israeli agorot

Probably pioneered by Reuters and Bloomberg, the second standard is far more wide-spread and consistent. The agreement is to lowercase the third letter to denote the minor units.

• GBp, ZAr, ILs, USd, EUr, etc.

Related discussions:

• http://www.fixtradingcommunity.org/pg/discussions/topicpost/167427/