Difference between revisions of "World currency unit"

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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.   
 
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.   

Revision as of 15:13, 16 April 2014

(WOCU).

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. Launched in 2009, the WOCU is monitored by the WDX Institute.


See also