ISO 4217 added to the standard. A number of currencies are not included in ISO 4217, because these currencies are: (a) minor currencies pegged 1:1 to a larger currency, even if independently regulated (b) a legal tender only issued as commemorative banknotes or coinage, or (c) a currency of an unrecognized or partially recognized state. These currencies include: See for a list of all currently pegged currencies. Despite having no official recognition in ISO 4217, the following non-ISO codes are sometimes used locally or commercially. In addition, GBX is sometimes used (for example on the London Stock Exchange) to denote Penny sterling,
Standards organization committees (TCs). These three organizations together comprise the World Standards Cooperation (WSC) alliance. ISO is composed of the national standards bodies (NSBs), one per member economy. The IEC is similarly composed of national committees, one per member economy. In some cases, the national committee to the IEC of an economy may also be the ISO member from that country or economy. ISO and IEC are private international organizations that are not established by any international treaty. Their members may be non-governmental organizations or governmental agencies, as selected by ISO and IEC (which are privately established organizations). The ITU is a