The ECU came in to operation on 13 March 1979, and was assigned the ISO 4217 code.
The ECU replaced the European Unit of Account (EUA) at parity in 1979, and it was later replaced by the euro (EUR) at parity on 1 January 1999. As a unit of account, the ECU was not a circulating currency, and did not replace or override the value of the currency of EEC member countries.
A common theme on the coins was usually celebrating European unity, such as celebrating membership of the European Union. In 1989, the government of the Netherlands issued a series of ECU coins from ₠ to ₠200, which could be spent in shops in The Hague, during the European Capital of Culture festival.
Gibraltar issued commemorative coins from 1993 through 1996, though these were (nominally) legal tender only in Gibraltar, which uses the pound sterling. == Currency basket == == See also == Asian Monetary Unit Eco (currency) World currency unit == References == == External links == Economic and Monetary Union at the European Central Bank Currencies of Europe Eurozone Currency symbols
On the other hand, Finland and Austria joined the eurozone from the beginning although their currencies were not part of the ECU basket (since they had joined the EU in 1995, two years after the ECU composition was "frozen") === Legal implications === Due to the ECU being used in some international financial transactions, there was a concern that foreign courts might not recognize the euro as the legal successor to the ECU.
Gibraltar issued commemorative coins from 1993 through 1996, though these were (nominally) legal tender only in Gibraltar, which uses the pound sterling. == Currency basket == == See also == Asian Monetary Unit Eco (currency) World currency unit == References == == External links == Economic and Monetary Union at the European Central Bank Currencies of Europe Eurozone Currency symbols
The Unicode designation for the symbol () was not implemented on many personal computer operating systems until the release of Unicode v1.1 in May 1998, which also introduced the euro sign ().
The ECU replaced the European Unit of Account (EUA) at parity in 1979, and it was later replaced by the euro (EUR) at parity on 1 January 1999. As a unit of account, the ECU was not a circulating currency, and did not replace or override the value of the currency of EEC member countries.
The move was seen by France and Germany as a wrecking tactic, especially when the increasingly Euro-sceptic Thatcher announced her outright opposition to European Economic and Monetary Union (EMU), and the idea was abandoned. == Euro replaces the ECU == On 1 January 1999, the euro (with the code EUR and symbol €) replaced the ECU, at the value €1 = 1 ECU.
By 2009, Microsoft referred to the ECU symbol as "historical".
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