cent
1 A monetary unit of American Samoa, Antigua and Barbuda, Australia, the Bahamas, Barbados, Belau, Belize, Bermuda, the British Virgin Islands, Brunei, Canada, the Cayman Islands, Dominica, East ...
drachma
(Dr) Formerly, the standard monetary unit of Greece, divided into 100 lepta. It was subsumed into the euro for all purposes except cash transactions in 2001 and abolished in 2002.
escudo
1 The standard monetary unit of Cape Verde (CV Esc), divided into 100 centavos.2 The former monetary unit of Portugal and Madeira, divided into 100 centavos. It was subsumed into the euro for all ...
Euro Reference library
The Handbook of International Financial Terms
Name for the new currency that is due to come into being on 1 January 1999 following European Monetary Union
eurocheque
Formerly, a cheque drawn on a European bank that could be cashed at any bank or bureau de change in the world displaying the European Union sign; they could also be used to pay for goods and services ...
European Currency Unit
(Ecu)A unit of account introduced by the European Economic Community when forming the European Monetary System in 1979. The Ecu was a form of international money used by various official European ...
European Economic and Monetary Union
(EMU)The EU policy that culminated in the creation of the European Central Bank (1999) and a single European currency for participatein states. See feature Economic and Monetary Union.
European economic integration
The process by which the various countries of Europe are becoming more closely linked, particularly in trade and finance. This is partly the result of natural economic developments: trade has ...
European Monetary Cooperation Fund
(EMCOF)A fund organized by the European Monetary System in which members of the European Union deposited reserves to provide a pool of resources to stabilize exchange rates and to finance balance of ...
European Monetary System
(EMS)A European organization set up in 1979 to coordinate monetary policy and exchange rates in Europe. Its main activities were running the Exchange Rate Mechanism and planning European Monetary ...
European Union
(EU)The name since 1993 of the former European Community. The EU was formed with twelve members: Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, ...
Eurosystem
The monetary authority of the Eurozone. The Eurosystem is composed of the European Central Bank and the central banks of the European Union member states that have adopted the Euro.
eurozone
The 13 member countries of the European Union that have adopted the euro as their currency, namely Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, The Netherlands, ...
fix
1 The determination and setting of an interest or exchange rate, or security or commodity price. Used principally for determining reference rates for euronotes, floating rate certificates of deposit; ...
Geoffrey Howe
(b. Glamorgan, 20 Dec. 1926)British; Chancellor of the Exchequer 1979–83, Foreign Secretary 1983–9; Kt. 1970, Baron (life peer) 1992 Howe was born in Port Talbot in south Wales. His father was a ...
gold standard
The setting of the value of a paper currency by reference to and exchangeable for gold (cf. convertibility). The USA operated a gold standard until 1971 fixed at US$35 an ounce.[...]
hard Ecu
A proposal for a European Currency Unit (Ecu) that would initially have been equal in value to a bundle of European currencies, but could not subsequently be devalued relative to any member currency. ...
