What is (was) European Currency Unit (ECU)

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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.

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Anonymous 0 Comments

It was an intermediate unit, so if you wanted to convert from say, French Franc to German Deutschmark you went: Franc to ECU, then ECU to Deutschmark. Basically the ancestor of the Euro.

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