WOCU new reserve currency ???? Chalanachithram.com | Topics | Search
Hide Clipart | Log Out | Register | Edit Profile

Last 30 mins | 1 | 2 | 4 hours     Last 1 | 7 Days

Chalanachithram.com DB » Archives » Archive through June 03, 2010 » WOCU new reserve currency ???? « Previous Next »

Author Message
Top of pagePrevious messageNext messageBottom of page Link to this message

Cocanada
Moderator
Username: Cocanada

Post Number: 21660
Registered: 01-2008

Rating: N/A
Votes: 0 (Vote!)

Posted on Wednesday, June 02, 2010 - 10:29 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Ashton:




thanks for the info dude
Simha is conceptually hollywood range film - OT
Top of pagePrevious messageNext messageBottom of page Link to this message

Ashton
Side Hero
Username: Ashton

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

Rating: N/A
Votes: 0 (Vote!)

Posted on Wednesday, June 02, 2010 - 10:19 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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.
Top of pagePrevious messageNext messageBottom of page Link to this message

Cocanada
Moderator
Username: Cocanada

Post Number: 21658
Registered: 01-2008

Rating: N/A
Votes: 0 (Vote!)

Posted on Wednesday, June 02, 2010 - 10:16 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Ashton:



US ki bokka kada

i hurted
Simha is conceptually hollywood range film - OT
Top of pagePrevious messageNext messageBottom of page Link to this message

Ashton
Side Hero
Username: Ashton

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

Rating: N/A
Votes: 0 (Vote!)

Posted on Wednesday, June 02, 2010 - 10:13 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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.

Add Your Message Here
Post:
Bold text Italics Underline Create a hyperlink Insert a clipart image HASH(0x8189214){Movie Clipart}
Show / hide regular icons selection options

Click on following links to open cliparts by Alphabetical Order

 A   B   C   D   E   F   G   H   I   J   K   L   M  

 N   O   P   Q   R   S   T   U   V   W   X   Y   Z  

Show / Hide Filmy icons selection options

Click on following links to open cliparts by Alphabetical Order

 A   B   C   D   E   F   G   H   I   J   K   L   M  

 N   O   P   Q   R   S   T   U   V   W   X   Y   Z  

Username: Posting Information:
This is a private posting area. Only registered users and moderators may post messages here.
Password:
Options: Enable HTML code in message
Automatically activate URLs in message
Action: