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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
Related Terms: Basket of Currencies - international | trade |
Search History: [ Basket of Currencies ]
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Ver 4, Sep, 1999, Matthew D. Cox, firstname.lastname@example.org
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