bancor

Definitions

Economics

Forex

  • (written as Bancor)
    An international currency first proposed by the economist John Maynard Keynes in the 1940s. Keynes' concept was opposed by the United States, and the dollar became the de facto world key currency. The concept was revived in 2009 by Zhou Xiaocguan, the then  governor the People's Bank of China, who proposed the adoption of a global reserve currency.
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