European Currency Unit
Britishnoun
Example Sentences
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One perhaps surprising alternative-currency enthusiast is the former central banker Bernard Lietaer, who was an architect of the European Currency Unit, the convergence system between 12 currencies that led to the euro.
From New York Times ● Aug. 9, 2015
The European Currency Unit, or "ecu," is intended to be the precursor to a Common Market currency that would at least partly replace marks, francs, guilders and other national money.
From Time Magazine Archive
At its core would be the European Currency Unit, or ECU, whose value would be based on a "basket" of European currencies in which the German mark would weigh the most heavily.
From Time Magazine Archive
After years of debate, the leaders agreed to establish a single European Currency Unit, the ECU, as early as January 1997.
From Time Magazine Archive
Helsinki tied the markkaa to the EC's European Currency Unit to promote stability but was forced to devalue the markkaa by about 12% in November 1991.
From The 1992 CIA World Factbook by United States. Central Intelligence Agency
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