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 International Committee for Information Technology Standards The InterNational Committee for Information Technology Standards (INCITS), (pronounced "insights"), is an ANSI-accredited standards development organization composed of Information technology developers. It was formerly known as the X3 and NCITS. INCITS is the central U.S. forum dedicated to creating technology standards. INCITS is accredited by the American National Standards Institute (ANSI) and is affiliated with the Information Technology Industry Council, a global policy advocacy organization that represents U.S. and global innovation companies. INCITS coordinates technical standards activity between ANSI in the USA and joint ISO/IEC committees worldwide. This provides a mechanism to create standards