Recommendation No. 9
Alphabetic Code for the Representation of Currencies
Author/Source: UNECE through its Center for Trade Facilitation and Electronic Business (UN/CEFACT)
Year of adopting/publication: 1996 (first version)
Document reference: ECE/TRADE/203
Link to the document on the internet: Recommendation No. 9
Purpose: To recommend use of three-letter alphabetic codes of International Standard ISO 4217, “Codes for the representation of currencies and funds”, for application in international trade when currencies are expressed in coded or abbreviated form.
Summary: The name of a currency is a data element frequently used in documents and telecommunication messages exchanged between parties in international trade transactions. Correct transmission and reception of this data element is of vital importance, and each element (currency) must be identified uniquely. The international standard ISO 4217 described its scope as the establishment of “a three-letter alphabetic code and an equivalent three-digit numeric code for the representation of currencies and funds”. The code is designed to be equally suitable for automated or manual applications.
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