ECU

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Related to European Currency Unit: European Monetary System
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The common currency would be similar to the European currency unit and to the coming monetary union currency in 2013 of the Gulf Cooperation Council countries that include Bahrain, Kuwait, Qatar and Saudi Arabia.
SCO summit agrees to adopt common currency
On July 1, 1990 the European Community entered the first stage, which led to freedom of capital movements, increased cooperation among central banks, free use of the European currency unit (ECU), and the improvement of economic convergence among member states of the European Union.
Prices and interest rate behavior in the European Monetary Union: the first 18 months
This led to the creation of the ECU (European Currency Unit) which was designed to create a statute adjustable mechanism.
The euro--new paper money: will the euro work? What will be its impact on franchising? This view, from the United Kingdom, offers some insights. (World Without Borders: Franchising's International Appeal)
The first stage began in 1990 with the introduction of the Exchange Rate Mechanism (ERM) which linked the exchange rates of all participating member states' currencies to each other and to the European Currency Unit (ECU).
Trends in European Public Finance: Is the UK Outsourcing Government?
Spending will be at prudent levels in satisfaction of undertakings associated with the new European currency unit. Political policy will favor the application of limited funds to social safety nets.
WORLD LEAD-ZINC INDU5TRY STUDY RELEASED
1103/97 provides that, effective January 1, 1999, every reference in a legal instrument to the European Currency Unit (ECU), as officially defined, shall be replaced by a reference to the euro at a rate of one euro to one ECU.(21)
The "Euro" has arrived
The euro is the European currency unit (ECU) renamed.
Background on the euro
1, going off the European Currency Unit (ECU), a transitional system used since 1990.
Rail Consortium Goes to Euro For All Freight Transactions
The value of the euro in relation to other currencies, including the dollar, will not be known until January 1, 1999, but it is likely to be near the value of the European currency unit (ECU), which is now about $1.20.
Statement by Theodore E. Allison, Assistant to the Board, Board of Governors of the Federal Reserve System, before the Subcommittee on Domestic and International Monetary Policy, Committee on Banking and Financial Services, U.S. House of Representatives, October 8, 1998
qOther names considered for the single currency included the schilling, the thaler and the ecu, the European Currency Unit, which represents the basket of currencies belonging to the European Monetary System.
A currency of mistrust; Agreement on the single European currency cannot paper over deep divisi ons among the EU nations says Terry Grimley
OTHER names considered included schilling, thaler and ecu, after the European Currency Unit.
10 EURO FACTS YOU DIDN'T KNOW

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