ISO 4217 or banking. At the 17th session (February 1978), the related UN/ECE Group of Experts agreed that the three-letter alphabetic codes for International Standard ISO 4217, "Codes for the representation of currencies and funds", would be suitable for use in international trade. Over time, new currencies are created and old currencies are discontinued. Frequently, these changes are due to the formation of new governments, treaties between countries standardizing on a shared currency, or revaluation of an existing currency due to excessive inflation. As a result, the list of codes must be updated from time to time. The ISO 4217 maintenance agency
International Committee for Information Technology Standards that will be implemented in many nations. As such, INCITS' executive board also serves as ANSI's Technical Advisory Group for ISO/IEC Joint Technical Committee 1. JTC 1 is responsible for International standardization in the field of information technology. INCITS operates through consensus. Many times, the U.S. standard that INCITS members develop then will become the baseline standard for the international community. INCITS is guided by its executive board. The INCITS executive board established more than 50 Technical Committees, Task Groups and Study Groups that are constantly developing standards for new technologies and updating standards for older products. More than 750