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New Edition of Standard on Currency Codes

ISO
Thu, 07/31/2008 - 12:16
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(ISO: Geneva) -- The seventh edition of the ISO International Standard for currency codes has just been published. ISO 4217:2008—“Codes for the representation of currencies and funds,” is the only worldwide, multi-industry, standardized currency code. “Information interchange on an international basis is now commonplace in all spheres of activity,” says Jean-Yves Garnier, Chair of ISO/TC 68/SC 7. “The value of universally applicable codes for the identification of currencies and funds is indisputable. The internationally-agreed ISO 4217 currency codes have been steadily gaining ground since they were first developed some 30 years ago, and are now widely implemented by industry and public authorities alike.” “This latest update incorporates all changes introduced to the codes since the previous edition was published in 2001,” adds Paul Hojka, who acted as project editor. Intended for use in any application of trade, commerce, and banking, as well as in the public sector, ISO 4217:2008 is designed to be equally suitable for manual use or in information technology applications. ISO 4217 specifies the structure for a three-letter alphabetic code (alpha-3) and an equivalent three-digit numeric code for the representation of currencies and funds. Where possible, the codes of both formats are derived from international country codes, viz.

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