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ISO 4217 - History

ISO 4217 - History: Encyclopedia II - ISO 4217 - History

In 1973, the ISO Technical Committee 68 decided to develop codes for the representation of currencies and funds for use in any application of trade, commerce or banking. At the 17th session (February 1978) of the related UN/ECE Group of Experts agreed that the three letter alphabetic codes for International Standard ISO 4217, "Codes for the representation of currencies and funds", would be suitable for use in international trade. Over time, new currencies are created and old currencies are discontinued. Frequently, these changes are d ...

See also:

ISO 4217, ISO 4217 - History, ISO 4217 - Active codes sorted by code, ISO 4217 - Currency Numeric Codes, ISO 4217 - Without currency code, ISO 4217 - Obsolete currency codes, ISO 4217 - Replaced by Euro, ISO 4217 - Replaced for other reasons

ISO 4217, ISO 4217 - Active codes sorted by code, ISO 4217 - Currency Numeric Codes, ISO 4217 - History, ISO 4217 - Obsolete currency codes, ISO 4217 - Replaced by Euro, ISO 4217 - Replaced for other reasons, ISO 4217 - Without currency code, List of circulating currencies, Currency, Table of historical exchange rates, List of international trade topics, SWIFT and List of SWIFT codes

ISO 4217: Encyclopedia II - ISO 4217 - History



ISO 4217 - History

In 1973, the ISO Technical Committee 68 decided to develop codes for the representation of currencies and funds for use in any application of trade, commerce or banking. At the 17th session (February 1978) of the related UN/ECE Group of Experts agreed that the three letter alphabetic codes for International Standard ISO 4217, "Codes for the representation of currencies and funds", would be suitable for use in international trade.

Over time, new currencies are created and old currencies are discontinued. Frequently, these changes are due to new governments (through war or a new constitution), treaties between countries standardizing on a currency, or revaluation of the currency due to excessive inflation. As a result, the list of codes must be updated from time to time. The ISO 4217 maintenance agency (MA), the British Standards Institution, is responsible for maintaining the list of codes.

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Adapted from the Wikipedia article "History", under the G.N U Free Docmentation License. Please also see http://en.wikipedia.org/wiki

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