International trade in new world currency better than dollar and SDR



image WDX Organisation has introduced the new first ever world currency called Wocus (World Currency Unit). The world financial markets now can execute and settle trade in this new currency unit. It allows corporations, financial institutions, governments and even individuals to trade across national boundaries and hold foreign assets with minimal risk of losses caused by exchange rate fluctuations.

At present international trade is conducted in US dollars or Euros which implicates huge differentials, vastly complicating risk management and forward planning related to sharp changes in exchange rates. Wocu is a derivative of the exchange rates of the world’s top 20 currencies as measured by GDP and it is believed to reduce risk factors.

WDX Organisation has weighted its algorithm in line with these GDPs, creating a demonstrably less volatile and totally apolitical currency unit.

Howard Flight, fund manager, consultant, politician and author of ‘ALL YOU NEED TO KNOW ABOUT EXCHANGE RATES’ was the keynote speaker at the launch. He said: "I expect this to be an important moment for the history of currency – a new currency reference is being born which should be very useful for both major buyers and sellers of world commodities." He adds: "The questions are as to who will use it? WDX commercial arrangements are lining up major banks to both trade in and settle international trade transactions on behalf of corporate clients in Wocus. Banks and InterDealer Brokers will also trade Wocu derivatives for clients. It is surprising the IMF has not modernised the SDR, which new technology would enable. The Wocu does just that".

How does the Wocu differ from the IMF’s SDR? The SDR, while a valuable tool, is based on four currencies and re-weighted only every 5 years, unlike the Wocu which is re-weighted by an independent institute every six months (when the IMF releases its GDP figures).

ECJ




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