follow Dictionary.com

What's the difference between i.e. and e.g.?

European Currency Unit

noun
1.
See ECU
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cite This Source
Encyclopedia Article for european currency unit

European Currency Unit

a notional unit of exchange, conceived in 1979, based on a "basket," or weighted combination, of the currencies of nations that belonged to the European Community. The principal currencies involved were the German mark, the French franc, the British pound sterling, and the Italian lira. The ecu was created by the European Community with the aim of eventually making it the single currency of a unified western European economy. It was increasingly used in commercial banking transactions because its relative stability rendered it more suitable than a national currency for fixing contractual terms. It was especially important in the international bond market, where it had become the second most widely used currency (after the U.S. dollar) by the early 1990s. In 1999 the ecu was replaced by the euro

Learn more about European Currency Unit with a free trial on Britannica.com
Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
Cite This Source

Word of the Day

Word Value for european

0
0
Scrabble Words With Friends