Hi Folks,
Do anybody know of any ISO standards which companies follow while setting up the Precision when defining the different Currency Codes , during implementation..?
Is there any international standards folloowed or any company just setup the precisions according to their wish..?
currency decimal digits
Eg. generally USD 2
kuwait Dinar 3
Tunisian Dinar 3
AUD 2 etc..
My question is ,has anybody seen any customer setting precision of 3 for other currencies than mentioned above..?
Thanks,
Jayasree
Currency Setup during Implementation
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- Location: India
Hi Both,
Thanks for your reply.
This is actually for a Bank and as per information from them it looks like they have to follow ISO standard set and hence precision would be as determined by standards.
If they want to interface and do EFT payments for their Apps customers ,
their currency precision could be different from Bank's and Bank is thinking as to how to make solution generic ?
Thanks,
Jayasree
Thanks for your reply.
This is actually for a Bank and as per information from them it looks like they have to follow ISO standard set and hence precision would be as determined by standards.
If they want to interface and do EFT payments for their Apps customers ,
their currency precision could be different from Bank's and Bank is thinking as to how to make solution generic ?
Thanks,
Jayasree
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