World currency unit: Difference between revisions
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imported>Doug Williamson m (Add full stop.) |
imported>Doug Williamson m (removal of 'weighted' modifier for the basket) |
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The WOCU is a global composite currency unit made up of a | 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. | ||
Revision as of 16:52, 17 December 2013
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.
