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Bancor (Supranational Clearing Currency) (Stub)

The bancor was a supranational currency that John Maynard Keynes and E.F. Schumacher conceptualised in the years 1940-42 and which the United Kingdom proposed to introduce after the Second World War. This newly created supranational currency would 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.

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