In monetary terms is there a difference between an ECU and a EURO?
#124190. Asked by REDVIKING57. (Nov 12 11 6:39 AM)
The ECU, or European Currency Unit, was used for financial transactions before the introduction of the Euro. Unlike the Euro, it was not a real (hard) currency. It was used for accountancy purposes within the European Community to eliminate the impact of fluctuations in the value of member states' currencies. At launch, the value of the Euro was fixed at one ECU, and the ECU was dropped.
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