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WOCU new reserve currency ????

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Cocanada
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Username: Cocanada

Post Number: 21660
Registered: 01-2008

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Posted on Wednesday, June 02, 2010 - 10:29 am:       


Ashton:




thanks for the info dude
Simha is conceptually hollywood range film - OT
 

Ashton
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Username: Ashton

Post Number: 4246
Registered: 05-2008
Posted From: 66.90.104.94

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Posted on Wednesday, June 02, 2010 - 10:19 am:       

Launched 1st January 2010, the same day WDX launched its commercial reference data products.

The name Wocu is derived from World Currency Unit.
The currency symbol for the Wocu is [go here to see it] [link to www.wocu.com]

See, it IS intended to kick the USD out:

FAQ1. Is the Dollar not the World Currency?

Answer:
The U.S. dollar is used as a currency well beyond the United States, to the extent that some Americans "want their currency back". The Wocu provides a suggested holding for the dollar, currently circa 30%. This ratio could be used to position the dollar as the currency of one of the world‘s most successful economies, but not as the world‘s currency.
 

Cocanada
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Username: Cocanada

Post Number: 21658
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Posted on Wednesday, June 02, 2010 - 10:16 am:       


Ashton:



US ki bokka kada

i hurted
Simha is conceptually hollywood range film - OT
 

Ashton
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Username: Ashton

Post Number: 4245
Registered: 05-2008
Posted From: 66.90.104.94

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Posted on Wednesday, June 02, 2010 - 10:13 am:       

WTF is this???

http://www.wocu.com/wocu/aboutus.php




A new currency is intended to challenge the U.S. dollar as the world's foremost reserve currency. The WOCU, short for world currency unit, was actually launched by London-based WDX Organization in September 2009, but only seems to be gaining recognition now. Its value is determined as a derivative of the exchange rates of the world's top 20 currencies, as measured by GDP, in order to reduce the risk associated with exchange rate fluctuations. The new currency is similar to the International Monetary Fund's special drawing rights (SDR), which the IMF uses as a reserve asset to supplement the currency reserves of its member states. Both Russia and China have been pushing for the world to switch to a new currency.

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