European Currency Unit - ECU

European Currency Unit - ECU
The European Currency Unit (ECU) was the precursor to the Euro, the shared single currency of the European Union's member countries. While the Euro is the actual currency of the European Union, the ECU was artificial currency developed by the initial EU member states for their internal accounting purposes.

The ECU was first adopted in 1979 by the European Economic Community, the predecessor of the European Union. In 1999, the ECU was replaced by the Euro, at parity.


Investment dictionary. . 2012.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • European Currency Unit — See euro, European Monetary System. Collins dictionary of law. W. J. Stewart. 2001. European Currency Unit …   Law dictionary

  • European Currency Unit — ( ECU) An index of foreign exchange consisting of European currencies, originally devised in 1979. Also see Euro. Bloomberg Financial Dictionary * * * European Currency Unit European Currency Unit ➔ ECU …   Financial and business terms

  • European Currency Unit — Infobox Currency iso code = XEU using countries = European Community and later the European Union pegged with = The ECU was a basket of currencies symbol = ₠ (rare), ECU or XEU plural = usually ECUs used coins = Gibraltar issued commemorative Ecu …   Wikipedia

  • European Currency Unit — see ↑ECU (n). • • • Main Entry: ↑European …   Useful english dictionary

  • European Currency Unit —   [jʊərə piːən kʌrənsɪ juːnɪt, englisch], Abkürzung ECU, die Europäische Währungseinheit …   Universal-Lexikon

  • European Currency Unit — Pour les articles homonymes, voir ECU. L’European Currency Unit, en français Unité de compte européenne (acronyme usuel : ECU, lu comme le mot français écu, code ISO 4217 : XEU) a été l unité de compte de la Communauté européenne avant… …   Wikipédia en Français

  • European Currency Unit — Gewicht der Nationalwährungen im ECU Währungskorb Währung 13. März 1979 16. Sept. 1984 17. Sept. 1984 21. Sept 1989 21. Sept. 1989 31. Dez. 1998 BEF 9.64% 8.57% 8.183% DEM 32.98% 32.08% 31.955% DKK 3.06% 2.69% 2.653% …   Deutsch Wikipedia

  • European currency unit — Gewicht der Nationalwährungen im ECU Währungskorb Währung 13. März 1979 16. Sept. 1984 17. Sept. 1984 21. Sept 1989 21. Sept. 1989 31. Dez. 1998 BEF 9.64% 8.57% 8.183% DEM 32.98% 32.08% 31.955% DKK 3.06% 2.69% 2.653% …   Deutsch Wikipedia

  • European Currency Unit — n. Euro, unit of currency introduced in 1999 as the composite monetary unit of the members of the European Union, €, ECU …   English contemporary dictionary

  • European Currency Unit — ECU A currency medium and unit of account created in 1979 to act as the reserve asset and accounting unit of the European Monetary System (EMS). The value of the ECU was calculated as a weighted average of a basket of specified amounts of… …   Accounting dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”