The money type supports US-style currency with fixed decimal point representation. If Postgres is compiled with USE_LOCALE then the money type should use the monetary conventions defined for locale(7).
Table 8-4. Postgres Monetary Types
|money||4 bytes||Fixed-precision||-21474836.48 to +21474836.47|
numeric should eventually replace the money type. It has a fully implemented syntax but currently (Postgres v6.4) support only a small range of precision and/or range values and cannot adequately substitute for the money type.
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