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What does the TERRITORY component of the NLS_LANG parameter control?

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What does the TERRITORY component of the NLS_LANG parameter control?

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The territory component of the NLS_LANG parameter controls the operation of a subset of globalization support features. It specifies conventions such as the default date, monetary, and numeric formats. Each supported territory has a unique name; for example, AMERICA, FRANCE, or CANADA. If the territory is not specified, then the value is derived from the language value.

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