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			Basket of Currencies - 




Those currencies which together determine the value of the European Currency Unit (ECU). Each currency in the basket is weighted according to its country's gross national product (GNP), trade, and short-term credit quotas. Part of the European Monetary System (EMS), full participation in the basket was regarded as an important          









 Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm





	
	
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Unless otherwise indicated, all entries in the LogisticsWorld Logistics Glossary are copyright 1997, Matthew D. Cox, logistics@logisticsworld.com.

 

WWW Virtual Library of Logistics
Ver 4, Sep, 1999, Matthew D. Cox, logistics@logisticsworld.com
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Copyright 1995, 1996, 1997, 1998, 1999 MDC, All rights reserved.