|
|
|
| French
Equivalent: Unité monétaire européene (écu) |
| Definition: |
European Currency Unit (ECU) was a basket currency made up of the sum of fixed amounts of 12 of the 15 currencies of the European Union Member States. The value of the ECU was calculated as a weighted average of the value of its component currencies.
The ECU was replaced by the euro on a one-for-one basis on 1 January 1999.
|
| Source
Publication: |
|
European Central Bank Annual Report, 2000, Glossary.
|
| Statistical
Theme: Financial statistics |
| Created
on Tuesday, September 25, 2001 |
| Last
updated on Tuesday, March 04, 2003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
