What form did Zimbabwe use to change their ISO currency code to ZIG and where would I locate it?

Note: This response is provided by Grok AI.

The Zimbabwe Gold (ZiG) currency was assigned the ISO 4217 currency code “ZWG” (not ZIG) by the International Organization for Standardization (ISO) 4217 Committee, effective June 25, 2024.

The process to change a currency code involves the Reserve Bank of Zimbabwe (RBZ) submitting a formal request to the ISO 4217 Maintenance Agency, managed by the World Bank, to assign a new code for a currency, in this case, to replace the Zimbabwean dollar (ZWL) with the Zimbabwe Gold (ZWG).[](https://en.wikipedia.org/wiki/Zimbabwean_ZiG)[](https://www.thezimbabwemail.com/main/zimbabwes-new-zig-currency-receives-official-iso-code-after-two-months/)[](https://www.heraldonline.co.zw/zig-gets-international-currency-code-zwg/)

Form Used for the ISO Currency Code Change

The specific form used to request a change or assignment of an ISO 4217 currency code is not publicly detailed in the provided sources, as these are typically internal administrative processes handled by the ISO 4217 Maintenance Agency.

However, the general process involves:

1. Submission of a Request: The central bank (in this case, the RBZ) submits a formal application to the ISO 4217 Maintenance Agency, which is managed by the World Bank.

This application likely includes:

 – Details of the new currency (name, backing, denominations, etc.).

– Justification for the new code (e.g., replacement of ZWL due to hyperinflation and introduction of the gold-backed ZiG).

 – Proposed currency code (ZWG) and minor unit (cents).

2. Review by the ISO 4217 Committee: The committee evaluates the request to ensure compliance with international standards for currency identification and assigns the new code if approved.

3. Notification: Once approved, the ISO 4217 Committee issues an amendment (e.g., Amendment 177 on June 20, 2024) to confirm the new currency code.[](https://community.sap.com/t5/enterprise-resource-planning-blog-posts-by-sap/iso-code-for-zimbabwe-new-currency-zimbabwe-gold/ba-p/13739715)

While the exact form is not specified in public records, it would be an official document or template provided by the ISO 4217 Maintenance Agency, likely requiring details such as the currency name, code, minor unit, and economic rationale.

Where to Locate the Form

To locate or obtain the specific form or process for requesting an ISO 4217 currency code change:

1. Contact the ISO 4217 Maintenance Agency:

– The agency is managed by the World Bank, which serves as the secretariat for ISO 4217.

– You can reach out via the World Bank’s official contact channels or through the ISO website (www.iso.org) for information on the currency code application process.

– The ISO 4217 standard’s maintenance is outlined in the ISO 4217:2015 documentation, which may provide guidance on the submission process, though the form itself may be proprietary or restricted to central banks and financial institutions.

2. Reserve Bank of Zimbabwe (RBZ):

 – The RBZ, as the entity that applied for the ZWG code, may have details on the process. You can contact them through their official website (www.rbz.co.zw) or by emailing their public relations or financial markets department.[](https://www.rbz.co.zw/index.php/publications-notices/notices/press-release/1419-press-statement-introduction-of-zimbabwe-gold-zig-currency-code-zwg)

   – The RBZ issued a press statement on July 1, 2024, confirming the code change, which suggests they handled the formal submission.[](https://www.rbz.co.zw/index.php/publications-notices/notices/press-release/1419-press-statement-introduction-of-zimbabwe-gold-zig-currency-code-zwg)

3. International Organization for Standardization (ISO):

  – The ISO website provides access to the ISO 4217 standard, which outlines the procedures for currency code assignments. You may need to purchase the standard or contact the ISO for specific forms or templates.

 – Alternatively, check with the ISO’s Currency Code Maintenance Agency for procedural details.

4. Third-Party Financial Platforms:

  – Platforms like SAP, Oracle NetSuite, or Sage, which update their systems for currency code changes, may reference the process in their documentation. For example, SAP’s community noted the ZWG code change in a blog post, but it did not provide the form itself.[](https://community.oracle.com/netsuite/english/discussion/4498594/new-iso-code-zimbabwe-gold)[](https://community.sap.com/t5/enterprise-resource-planning-blog-posts-by-sap/iso-code-for-zimbabwe-new-currency-zimbabwe-gold/ba-p/13739715)

Additional Notes

– Why ZWG, Not ZIG?: The currency code is “ZWG” (Zimbabwe Gold), as assigned by the ISO 4217 Committee, not ZIG, which is the currency’s name. The code ZWL was used for the previous Zimbabwean dollar (RTGS dollar) and was replaced to reflect the new gold-backed currency.[](https://www.thezimbabwemail.com/main/zimbabwes-new-zig-currency-receives-official-iso-code-after-two-months/)[](https://www.heraldonline.co.zw/zig-gets-international-currency-code-zwg/)

– Transition Details: The ZWG code became effective on June 25, 2024, and both ZWL and ZWG codes were recognized concurrently until August 31, 2024, when ZWL was retired.[](https://www.zimsphere.co.zw/2024/06/zimbabwe-changes-currency-code-from-zwl.html?m=1)

– Public Access to Forms: The exact form may not be publicly available, as it is typically used by central banks or financial authorities. You may need to request access through official channels or as part of a financial institution’s compliance process.