BANCOR


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AcronymDefinition
BANCORBanco Reformador (Guatemala Central America, bank)
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References in periodicals archive ?
Bancor is excited to welcome Swytch onto the Bancor Network, said Galia Benartzi, Co-Founder and Head of Business Development at Bancor.
By integrating the Bancor Protocol, XinFin token holders will gain access to continuous liquidity regardless of trade volume or exchange listings, through the Bancor Network, where any integrated token can be automatically converted to any other directly from any Web3 wallet, such as MetaMask.
He proposed the ICU to bank with its own currency (bancor), exchangeable with national currencies at a fixed rate.
CMS Bancor is the holding company of CMS Bank, a New York chartered stock savings bank, and provides a full range of banking services to both individual and business customers through its administrative headquarters in White Plains, New York and 5 retail branch facilities located in Westchester County, New York.
And in fact, the idea is not a new one: the same proposal existed at the Bretton Woods Conference, when Keynes proposed a global issuing bank called International Clearing Union and a global currency called Bancor, but was rejected at the time.
Keynes recommended the creation of an international currency unit (he called it "bancor") into which other currencies would be convertible.
Keynes wanted to de-emphasize gold as well as the dollar so he proposed a new international currency called the "bancor." This currency would be used to settle international transactions, and would be part of his new International Clearing Bank (ICB).
The great merit of Keynes's original plan (in addition to its proposal for a new unit of account, the bancor) was its insistence on the need to create incentives for creditor as well as debtor nations to re-establish harmony in international trade.
His idea for an international reserve asset, known as "bancor," was scrapped well before the July meeting.