COBOL - Common Business-Oriented Language celebrated its fiftieth birthday and new research released to coincide with the anniversary suggests that it is still widely used throughout the world. It was at a meeting in the Pentagon on May 28, 1959, that the Short Range Committee was established, and would soon create the very first description of COBOL. It is thought there is now over 200 billion lines of COBOL code in existence with hundreds more being created every day.
Micro Focus conducted survey of nearly 2,000 people throughout the UK, found that during an average working day, people interact with COBOL at least 10 times. COBOL is still used to drive most ATM transactions and is involved in most financial transactions that take place.