An acronym that stands for "European currency Unit", the European Monetary Union's official unit of account. The ECU preceded the Euro and was made up of a basket of the currencies of the original 12 members of the European Community which included the currencies of the UK, Germany, France, Belgium, the Netherlands, Spain, Portugal, Denmark, Ireland, Luxembourg, Italy and Greece.
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European Currency Unit
European Currency Unit (ECU)
Unidad Monetaria Europea (ECU)
artificial currency
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administrative receiver
earning power
private placement