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Additional
currency basket
English Wikipedia - The Free Encyclopedia
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Currency basket
A
currency basket
is a
portfolio
of selected currencies with different weightings. A currency basket is commonly used to minimize the risk of currency fluctuations. An example of a currency basket is the
European Currency Unit
that was used by the
European Community
member states as the
unit of account
before being replaced by the euro. Another example is the
special drawing rights
of the
International Monetary Fund
.
See more at Wikipedia.org...
Asian Monetary Unit
The
Asian Monetary Unit
(
AMU
) is a
basket of currencies
proposed by the Japanese government's Research Institute of Economy, Trade and Industry (
RIETI
). It is similar to the
European Currency Unit
(ECU), predecessor to the
euro
.
See more at Wikipedia.org...
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