Ecu
Meaning of Ecu
In the context of Europe, and according to A Dictionary of Law, the following is a definition of Ecu : (European Currency Unit)
n.
A currency medium and unit of account of the *European Monetary System, which was replaced by the euro in 1999 (See European Monetary Union). Its value was calculated from the values of the currencies of individual member states of the European Union, The ECU was not a unit of currency as such, although some prices were quoted in ECU by the European Commission and other bodies. The ECU was used in the *Exchange Rate Mechanism, and some bonds were issued by member states in ECUs.
ECU and the European Union
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See Also
- European Currency Unit
Hierarchical Display of Ecu
European Union > European construction > EU relations > European currency
Meaning of Ecu
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European Union > European construction > EU relations > European currency > Ecu
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