Stefan Krah added the comment:

The spec was the only reasonable choice at the time decimal.py was
written.  Incidentally, it is basically IEEE-754-2008 with arbitrary
precision extensions; this isn't surprising since Mike Cowlishaw was
on the IEEE committee and wrote the spec at the same time.

There are very few decNumber-specific remainders in the spec -- this
may be one of those (though I did not bother to look up if the IEEE
standard specifies formatting at all).

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<http://bugs.python.org/issue26223>
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