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
Standards organization that economy in ISO; ISO currently has 161 members. National standards bodies usually do not prepare the technical content of standards, which instead is developed by national technical societies. NSBs may be either public or private sector organizations, or combinations of the two. For example, the Standards Council of Canada is a Canadian Crown Corporation, Dirección General de Normas is a governmental agency within the Mexican Ministry of Economy, and ANSI is a 501(c)(3) non-profit U.S. organization with members from both the private and public sectors. The National Institute of Standards and Technology (NIST), the U.S. government's standards agency, cooperates