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ECU

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ECU

A unit of account, the value of which depended on the underlying value of the constituent currencies of participating European Union states. The ECU, which was superseded by the euro on 1 January 1999, was not legal tender and was not represented by official banknotes and coins – unlike the euro which is a true currency in its own right.
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Moret was in those days an old-fashioned town of one street at the edge of the forest of Fontainebleau, and the Ecu d'Or was a hotel which still had about it the decrepit air of the Ancien Regime.
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