World currency unit: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Martin ODonovan (new page) |
imported>Doug Williamson m (Add full stop.) |
||
| Line 1: | Line 1: | ||
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 | 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. | ||
Revision as of 11:03, 16 November 2013
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.
