World currency unit: Difference between revisions
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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.
