bancor
(en)
a supranational currency imagined by Keynes between 1940–1942 and which the UK proposed to introduce after WWII; it could then be used in international trade as a unit of account within a multilateral clearing system—the International Clearing Union—which would also have to be founded
An international fund would be created to play the role of the world's central bank and issue its currency--the bancor, as Keynes provisionally named it.
notable
9 years, 1 month ago