World currency unit: Difference between revisions
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==See also== | ==See also== | ||
* [[Currency basket]] | * [[Currency basket]] | ||
* [[GDP]] | * [[Gross domestic product]] (GDP) | ||
[[Category:The_business_context]] | |||
Revision as of 12:39, 26 June 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.
Launched in 2009, the WOCU is monitored by the WDX Institute.
