The International Clearing Union (ICU) was one of the institutions proposed to be set up at the 1944 United Nations Monetary and Financial Conference at Bretton Woods, New Hampshire, in the United States, by British economist John Maynard Keynes.
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The Charter, proposed by John Maynard Keynes, was to establish the ITO and a financial institution called the International Clearing Union (ICU), and an international currency; the bancor.