A new ‘currency’ was launched yesterday, when the WDX Organization used its synthetic Wocu – world currency unit – to buy some plonk on the Bordeaux Wine Exchange. The symbolic trade will, WDX hopes, lead to swift acceptance and use of the Wocu as an international global unit of account.
Ostensibly, the Wocu is little different from other basket products offered by numerous banks. It is made up from the currencies of 20 countries, including the Bric nations.
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