monetary code
[/ˈmʌnɪtɛri koʊd/]
nounpl: monetary codes
código monetário
1. A standardized three-letter code assigned to a currency by the International Organization for Standardization (ISO 4217)
The monetary code for the Brazilian Real is BRL.
O código monetário do Real brasileiro é BRL.
2. A system or set of rules governing the use and regulation of money and currency in a country or region
The central bank established a new monetary code to regulate financial transactions.
O banco central estabeleceu um novo código monetário para regular as transações financeiras.
3. The legal framework or legislation that defines monetary policy and currency standards
Brazil's monetary code was reformed to strengthen financial stability.
O código monetário do Brasil foi reformado para fortalecer a estabilidade financeira.
In Brazil, understanding monetary codes is essential for financial professionals as the country has complex monetary regulations overseen by the Central Bank (Banco Central do Brasil). The ISO 4217 three-letter codes (like BRL for Real) are universally recognized in international finance. In Portugal, this term relates to EU monetary standards and the Euro system.
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