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.  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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(WOCU).
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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.   
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It was created in particular to be a convenient unit of account for commodities transactions and having less volatility than the component currencies.   
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Launched in 2009, the WOCU is monitored  by the WDX Institute.
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==See also==
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* [[Currency basket]]
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* [[GDP]]

Latest revision as of 16:48, 17 June 2016

(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