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 is to adopt as "Identical" American National Standards all ISO/IEC or ISO standards that fall within its program of work, with exceptions as outlined in our procedures. Accordingly, INCITS will adopt as "Identical" American National Standards all ISO/IEC or ISO standards that fall within its program of work. Similarly, INCITS will withdraw any such adopted American National Standard that has been withdrawn as an ISO/IEC or ISO International Standards. INCITS was established in 1961 as the Accredited Standards Committee X3, Information Technology'and is sponsored by Information Technology Industry Council (ITI), a trade association representing providers of information technology products and