European Unit of Account European Unit of Account The European Unit of Account (EUA) was a unit of account used in the European Communities from 1975 to 1979, when it was replaced at parity by the European Currency Unit, in turn replaced at parity in 1999 by the euro. Initially it was used for Lomé Convention and European Investment Bank operations before being gradually introduced into other sectors of Community activity. The EUA was a basket of European currencies, originally designed to have the same value in mid-1974 as the IMF special drawing rights basket, both worth US$1.20635; they immediately moved apart in value.
International status and usage of the euro considering making the euro a third official currency of the country to go along with the US dollar and the Balboa. In various countries the euro is accepted by some merchants albeit not being official currency there. Additionally sometimes it is used for pricing purposes even if the actual payments are made in the official currency (e.g., for real estate). The Swedish town of Höganäs has, since 1 January 2009, generally allowed shop payments in euros alongside the Swedish krona. Widespread usage, though unofficial, is also present in towns such as Haparanda, on the border with Finland. The euro is