European Currency Unit European Currency Unit The European Currency Unit (₠ or ECU, ) 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 1 January 1999, at parity. The ECU itself replaced the European Unit of Account, also at parity, on 13 March 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
Language and the euro plural). This pronunciation is rejected by official authorities, such as the Swedish Language Council, and not used in television news. In Sweden there are no widespread slang terms since the euro is a foreign currency. In Finland, the euro is the official currency, and Swedish is an official language alongside Finnish. The same spelling as in Sweden is used (officially Swedish in Finland is spelt as in Sweden). The pronunciation, however, is , which has some similarities to Finnish pronunciation. The abbreviation is like 3,14 €, same as for Finnish. Among Swedish-speaking as well as Finnish-speaking people in Helsinki, a