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English definition of “ECU”

ECU

noun [C] (also ecu)
 
 
MONEY, ECONOMICS
abbreviation for European Currency Unit: the currency that was used within the European Monetary System before the euro. The ECU was based on the value of several different currencies within the European Union and used for investment and accounting purposes, not as the currency of any particular country.
(Definition of ECU from the Cambridge Business English Dictionary © Cambridge University Press)
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