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 currency's name in Hebrew arose. The official name of the currency established by the Academy of the Hebrew Language and the Bank of Israel is derived from An unofficial spelling and pronunciation , derived from the English pronunciation of the currency's name, is also used. Although in Hebrew currency names are usually declined for singular and plural, both forms of the Euro name are used for the singular and plural alike. In Hindi, the euro is spelt as यूरो (Yūro), while cent is written as सेंट (seṇṭ). Both the words are not pluralised. Europe is known as यूरोप (Yūrop) in