Update

Related Content

'European Currency Unit' can also refer to...

 

More Like This

Show all results sharing these subjects:

  • Social sciences
  • Economics

GO

Show Summary Details

Overview

European Currency Unit


Quick Reference

(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 bodies in their accounting, but very little by other financial markets. Its value was equal to a weighted average of the currencies of several member countries. The Ecu was superseded by the Euro, when this was adopted in 1999.

Subjects: Social sciencesEconomics


Reference entries

View all reference entries »