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World's Most Stable Unit

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GCU USD EUR GBP
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  • EUR Eurozone - euro
  • USD United States - dollar
  • JPY Japan - yen
  • GBP United Kingdom - pound
  • CHF Switzerland - franc
  • CAD Canada - dollar
  • AUD Australia - dollar
  • ZAR South Africa - rand
  • AED United Arab Emirates - dirham
  • ARS Argentina - peso
  • BDT Bangladesh - taka
  • BGN Bulgaria - lev
  • BHD Bahrain - dinar
  • BND Brunei Darussalam - dollar
  • BOB Bolivia - boliviano
  • BRL Brazil - real
  • BZD Belize - dollar
  • CLP Chile - peso
  • CNH People's Republic of China - yuan/renminbi
  • CRC Costa Rica - colon
  • CUP Cuba - peso
  • CZK Czech Republic - koruna
  • DJF Djibouti - franc
  • DKK Denmark - krone
  • DZD Algeria - dinar
  • ETB Ethiopia - birr
  • FJD Fiji - dollar
  • GMD Gambia - dalasi
  • GTQ Guatemala - quetzal
  • HKD Hong Kong - dollar
  • HRK Croatia - kuna
  • HTG Haiti - gourde
  • HUF Hungary - forint
  • ILS Israel - shekel
  • INR India - rupee
  • JMD Jamaica - dollar
  • JOD Jordan - dinar
  • KES Kenya - shilling
  • KRW Korea (South) - won
  • KWD Kuwait - dinar
  • KZT Kazakhstan - tenge
  • LKR Sri Lanka - rupee
  • MAD Morocco - dirham
  • MDL Moldova - leu
  • MKD Macedonia - denar
  • MRO Mauritania - ouguiya
  • MXN Mexico - peso
  • MYR Malaysia - ringgit
  • NOK Norway - krone
  • NPR Nepal - rupee
  • NZD New Zealand - dollar
  • OMR Oman - rial
  • PGK Papua New Guinea - kina
  • PHP Philippines - peso
  • PLN Poland - zloty
  • PYG Paraguay - guarani
  • QAR Qatar - riyal
  • RON Romania - new leu
  • RUB Russia - ruble
  • SAR Saudi Arabia - riyal
  • SEK Sweden - krona
  • SGD Singapore - dollar
  • THB Thailand - baht
  • TND Tunisia - dinar
  • TRY Turkey - lira
  • TTD Trinidad and Tobago - dollar
  • TWD Taiwan - new dollar
  • VEF Venezuela - bolivar
  • VND Vietnam - dong
  • YER Yemen - rial

After its foundation and the launch of its website in 2008, the GCU initiated communication with governmental agencies, central banks, corporate and academic entities, etc. In 2009 it published its first Briefing Note. This led to a series of consultative dialogues and a high number of supportive endorsements from around the world:

Quotes

 

In a world of considerable exchange rate volatility, there is much merit in this initiative of the GCU exchange settlement mechanism to act as a stabilizing tool when conducting cross-currency trade and investment.

  If implemented as proposed, this should indeed provide a long lasting solution on problems relating to international trade and investment for the whole world.  

We laud the objective of the GC Union to develop and implement a global, apolitical and non-geographically-based payment settlement mechanism to facilitate increased global trade and investment and thus facilitate the creation of wealth.

Rundheersing Bheenick,
Ex-Governor, Bank of Mauritius

 

 

Dr. Perks M. Ligoya
Ex-Governor, Reserve Bank of Malawi      

                                                       

 

Diwa C. Guinigundo
Deputy Governor, Bangko Sentral NG
Pilipinas                         

Your initiative for an introduction of the Global Currency Unit (GCU) is quite interesting. We, at the Bulgarian National Bank are convinced that the constant search for new solutions to address weaknesses and shortcomings in the global financial system is of interest to all.

       

Your overall aim to find a way to reduce currency exchange rate risk in cross-border trade and investment decisions is indeed a worthy one.

 

       

Your action to develop a new payment settlement facility to minimize the risk from exchange rate volatility is innovative and laudable.

 

Kalin Hristov
Deputy Governor, Bulgarian National Bank
  Sir Mervyn King
Ex-Governor, Bank of England
 

Fai-nan Perng
Ex-Governor, Central Bank of the Republic of China (Taiwan)

 

Media

Besides establishing a widely read newsletter with more than 10,000 recipients, the GCU gained coverage from the international media:

   
 

Wall Street Journal.png

Link to article in Wall Street Journal

 

MarketWatch.png

Link to article in MarketWatch

 

Policy Innovations.png

Link to article in Policy Innovations

 

FE 12 oct 2015.png

Link to article in The Financial Express

 

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Link to Bangladeshi articles

 

Photo of front page DS 20150421.png

Link to article in The Daily Star

 

 Berlingske marts 2017.png

Link to the article from Berlingske

 Børsen marts 2017.png

Link to the article from Børsen