Difference between revisions of "World currency unit"

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The WOCU is a global composite currency unit made up of a weighted basket of the currencies of the 20 largest economies weighted by relative GDP.  It was created in particular to be a convenient unit of account for commodities transactions and having less volatility than the component currencies.  It was launched in 2009 and is monitored  by the WDX Institute.
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The WOCU is a global composite currency unit made up of a basket of the currencies of the 20 largest economies, weighted by relative GDP.  It was created in particular to be a convenient unit of account for commodities transactions and having less volatility than the component currencies.  It was launched in 2009 and is monitored  by the WDX Institute.

Revision as of 16:52, 17 December 2013

The WOCU is a global composite currency unit made up of a basket of the currencies of the 20 largest economies, weighted by relative GDP. It was created in particular to be a convenient unit of account for commodities transactions and having less volatility than the component currencies. It was launched in 2009 and is monitored by the WDX Institute.