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
ISO/IEC JTC 1/SC 29 ISO/IEC JTC 1/SC 29 ISO/IEC JTC 1/SC 29 Coding of audio, picture, multimedia and hypermedia information is a standardization subcommittee of the Joint Technical Committee ISO/IEC JTC 1 of the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), that develops and facilitates international standards, technical reports, and technical specifications within the field of audio, picture, multimedia, and hypermedia information coding. The international secretariat of ISO/IEC JTC 1/SC 29 is the Japanese Industrial Standards Committee (JISC) located in Japan. ISO/IEC JTC 1/SC 29 was established in 1991, when the subcommittee took over the tasks of ISO/IEC JTC 1/SC