WIR Bank(redirected from Swiss Economic Circle)
A non-profit bank in Switzerland that finances transactions between members. It encourages members (which consist of medium-sized and small businesses) to trade with each other and provides the financing for them to do so. For its bookkeeping, it uses the WIR euro, a non-circulating accounting currency. It was established in 1934 and is credited with contributing to the stability of the Swiss economy.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved