World currency unit

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Revision as of 15:13, 16 April 2014 by imported>Doug Williamson (Added more spacing and see also)
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(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.


See also