SQL Datatype to use when inserting money

Question

I am using Oracle SQL database and I have to insert a monetary value(salary) as part of a row. For some strange reason the money command isnt working, is there any alternate

Answer 1

The "strange" reason is simple: There is no MONEY data type.

The data type most appropriate for monetary values would be NUMBER (using an appropriate scale). Since it is a decimal floating-point type, it is better suited for monetary values than the binary floating-point types BINARY_FLOAT and BINARY_DOUBLE.

Note, though, that you will still need to parse the input string £00,000.000 in your front end and send it as a numeric value to the back end.