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The European Currency Unit (₠ or ECU: French pronunciation: [eky], English: /eɪˈkjuː/ or spelt out /ˌiːˌsiːˈjuː/) was a basket of the currencies of the European Community member states, used as the unit of account of the European Community before being replaced by the euro on January 1, 1999, at parity. The ECU itself replaced the European Unit of Account, also at parity, on March 13, 1979. The European Exchange Rate Mechanism attempted to minimize fluctuations between member state currencies and the ECU. The ECU was also used in some international financial transactions, where its advantage was that securities denominated in ECUs provided investors with the opportunity for foreign diversification without reliance on the currency of a single country. The ECU was conceived on 13 March 1979 as an internal accounting unit. It had the ISO 4217 currency code XEU. Euro replaces ECUOn 1 January 1999, the euro (with the code EUR and symbol €) replaced the ECU, at the value €1 = 1 ECU. Unlike the ECU, the euro is a real currency, although not all member states participate (for details on Euro membership see Eurozone). Two of the countries in the ECU basket of currencies, UK and Denmark, did not join the eurozone, and a third, Greece, joined late. On the other hand, Finland and Austria joined the Eurozone from the beginning although their currencies were not part of the ECU basket (since they had joined the EU in 1995, two years after the ECU composition was "frozen"). From Wikipedia under the
GNU Free Documentation License Can you name TWO EUROPEAN COUNTRIES in 2008 which use the FRANC as their unit of currency? Q. Not Belgium, Luxembourg, France, Monaco, or Andorra. Asked by Homer Z. Crowder, IV - Fri Aug 29 03:28:22 2008 - - 1 Answers - 0 Comments A. Switzerland and Liechtenstein Answered by GerdP - Fri Aug 29 03:45:21 2008 one unit currency for asia? Q. just like the european union, do you think it would be best if asia forms a union with one unit currency? what will be the advantage and disadvantage? Asked by Summer - Thu Jul 12 10:24:51 2007 - - 2 Answers - 0 Comments A. In my opinion, I think it would be very helpful. Advantage: Efficiency Disadvantage: having people accept the unit currency, and then if successful, converting all prices to the one unit price Answered by Zach G - Thu Jul 12 10:33:58 2007 What is the Mediterranean union?
Q. i know that its similar to the European Union... But what are the benefits and laws of the Mediterranean Union?? THE European Union basically units all European countries into ONE nation, they share common currency, government, and WILL soon share a common military, and all people within the Union are allowed to go live and work in any other country that is in the Union. but what is the Mediterranean union?? what does it allow its citizens to do??? Asked by European Prince - Sat Dec 12 17:36:14 2009 - - 1 Answers - 0 Comments A. The proposal was originally made as part of Sarkozy's election campaign. Following his electoral victory, the idea was reiterated, with plans being drawn up. Despite the potential division it could cause to the Middle East, with part being united with Europe, and part separated, President Sarkozy saw the initiative as a way of promoting peace between Israel and its Muslim neighbours. It was hoped that an institutional core will be established by the end of the French presidency of the European Union in 2008.[13] On 23 October 2007 Sarkozy invited all Mediterranean leaders to a summit in France to take place in June 2008 where they would "lay the foundations of a political, economic and cultural union founded on the principles of strict… [cont.] Answered by Tanju - Sat Dec 19 13:20:50 2009 From Yahoo Answer Search: "European Currency Unit"  marketwatch.com Thu, 22 Jul 2010 11:51:32 GMT+00:00 MarketWatch (press release) In the prior-year quarter, UPS took a $48 million after-tax charge for the remeasurement of certain foreign currency obligations that did not qualify for ...  online.wsj.com Wed, 07 Jul 2010 16:25:19 GMT+00:00 Wall Street Journal In foreign-exchange dealings, the dollar rose against the euro, with the common currency down 0.2% at $1.2593. Shares of Marks & Spencer lost 2.6%, ...  moneycontrol.com Wed, 21 Jul 2010 08:57:13 GMT+00:00 Moneycontrol.com Q: You spoke about your entry into Europe because of the accreditation your Cephalosporin unit has received. Along with Europe comes some currency ... From Google News Search: "European Currency Unit"  rustypennies.com 244px x 478px | 93.00kB [source page] 1 Rhtl = 36 Marien Groschen Bremen 1 Rthl = 72 Grot 1 groat Grot = 5 Schwaren 2 Schwaren coin Hamburg 1 Gessling = 1 flemish groat Grot 1 From Yahoo Image Search: "European Currency Unit"  vineyardsaker.blogspot.com VINEYARDSAKER: Sat, 17 Jul 2010 14:05:00 GM Ambassador Miranda explained that the sucre is still at a point somewhat similar to the stage when the euro was still the . European Currency Unit. , but added that one day it may enter circulation. Bolivia, Cuba, Ecuador, Nicaragua, ...  xhomekvr.unlockiphone30.net unknown Fri, 16 Jul 2010 16:59:18 GM 2000 to 2010, Jelsoft Enterprises Ltd. projects. 1994 Toyota Camry. guide includes the. following 11 parts: Ford. focus wire. specific plan: 2000 2003 zx3 2.01 zetec (double overhead camshaft) and the . European currency unit. . Global ...  clicktoprint.com admin hu, 17 Jun 2010 10:27:50 GM Specialist Avinash Persaud, a member of the panel of experts, speaking to Reuters said he believes the world should create something like the old Ecu, or . European currency unit. , which was a hard-traded, weighted basket. ... From Google Blog Search: "European Currency Unit" |
