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
World Standards Day near the dates of the international observance. In 2012 SCC celebrated World Standards Day on Friday, 12 October. World Standards Day World Standards Day (or International Standards Day) is celebrated internationally each year on 14 October. The day honours the efforts of the thousands of experts who develop voluntary standards within standards development organizations such as the American Society of Mechanical Engineers (ASME), International Electrotechnical Commission (IEC), International Organization for Standardization (ISO), International Telecommunication Union (ITU), Institute of Electrical and Electronics Engineers (IEEE) and Internet Engineering Task Force (IETF). The aim of World Standards Day is to raise awareness among