What is (was) European Currency Unit (ECU)

339 views

Hi!
I read that the pre-EU had a currency unit, ECU, that wasn’t a real currency but more like a instrument of measurement. I just can make it make sense in my head.

In: 2

4 Answers

Anonymous 0 Comments

it was money that did not exist physically – only in banks’ transfers. you can think of it as a sort of pilot currency – they started using it in bank transactions as a test/proof of concept before actually committing to Euro.

You are viewing 1 out of 4 answers, click here to view all answers.