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World's Most Stable Unit

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GSU USD EUR GBP
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  • EUR Eurozone
  • USD United States
  • GBP United Kingdom
  • CHF Switzerland
  • CAD Canada
  • AUD Australia
  • ZAR South Africa
  • ARS Argentina
  • BRL Brazil
  • CNH People's Republic of China
  • CZK Czech Republic
  • DKK Denmark
  • EGP Egypt
  • HKD Hong Kong
  • HUF Hungary
  • IDR Indonesia
  • ILS Israel
  • INR India
  • JPY Japan
  • KRW South Korea
  • KZT Kazakhstan
  • MXN Mexico
  • MYR Malaysia
  • NOK Norway
  • NZD New Zealand
  • PKR Pakistan
  • PLN Poland
  • RON Romania
  • RUB Russia
  • SEK Sweden
  • SGD Singapore
  • THB Thailand
  • TRY Turkey
  • UAH Ukraine

After its foundation and the launch of its website in 2008, the GSU 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 GSU gained coverage from the international media:

   
 

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Link to article in Wall Street Journal

 

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Link to article in MarketWatch

 

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Link to article in Policy Innovations

 

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Link to article in The Financial Express

 

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Link to Bangladeshi articles

 

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Link to article in The Daily Star

 

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Link to the article from Berlingske

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Link to the article from Børsen