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From trading on international stock exchanges to having some cash in your pocket when you're travelling, consistency in the use of currency codes is a vital ingredient in helping our world go around. ISO 4217 codes - such as USD for the US dollar and CHF for the Swiss franc - are essential for avoiding any confusion that can arise with translated currency names or unclear symbols, including on airline tickets and international train tickets.
The issuing and administration of standardized currency codes is handled by the Currency Office, also known as the Secretariat of the Maintenance Agency for ISO 4217, run by SIX Interbank Clearing Ltd, on behalf of the Swiss Association for Standardization and ISO's Swiss member, SNV.
The recent review of the standard was undertaken by ISO technical committee, ISO/TC 68/SC 7, which is led by AFNOR, ISO's member in France, with SNV as convenor. It addressed a number of issues, including those related to the ever-increasing number of applications for new currencies and improving efficiencies.
