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 34 ISO/IEC JTC 1/SC 34 ISO/IEC JTC 1/SC 34, Document description and processing languages is a subcommittee of the ISO/IEC JTC1 joint technical committee, which is a collaborative effort of both the International Organization for Standardization and the International Electrotechnical Commission, which develops and facilitates standards within the field of document description and processing languages. The international secretariat of ISO/IEC JTC 1/SC 34 is the Japanese Industrial Standards Committee (JISC) located in Japan. The scope of ISO/IEC JTC 1/SC 34 is as follows. Standardization in the field of document structures, languages and related facilities for the description and processing of compound