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. 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 | (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== | |||
* [[Commodity]] | |||
* [[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.
