World currency unit: Difference between revisions

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(WOCU}.
(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.   
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.
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.




==See also==
==See also==
* [[Commodity]]
* [[Currency basket]]
* [[Currency basket]]
* [[Gross domestic product]]  (GDP)
* [[Unit]]
[[Category:The_business_context]]

Latest revision as of 19:19, 20 October 2022

(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.

It was launched in 2009.


See also