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== History == In 1973, the ISO Technical Committee 68 decided to develop codes for the representation of currencies and funds for use in any application of trade, commerce or banking. At the 17th session (February 1978), the related [[United Nations|UN]]/[[United Nations Economic Commission for Europe|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. Such changes usually originate from the formation of new countries, treaties between countries on shared currencies or monetary unions, or [[redenomination]] from 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 is responsible for maintaining the list of codes.<ref>{{cite web |title=ISO 4217 Currency codes | publisher=[[International Standards Organization|ISO]] |url=https://www.iso.org/iso-4217-currency-codes.html}}</ref>
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