European Monetary Unit

European Monetary Unit

The European Monetary Unit (E.M.U.-6) is a bond market unit. It has ISO 4217 code "XBB".


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  • European Monetary Unit —   The corresponding SWIFT code is XBB.   European Unit of Acc. 9.   The corresponding SWIFT code is XBC …   International financial encyclopaedia

  • European Monetary System — (EMS) a European monetary unit, an exchange rate intervention mechanism and a transfer mechanism established in 1978 under the law of the European Communities. It is this system that established the European Currency Unit (ECU), a currency used… …   Law dictionary

  • European Currency Unit — See euro, European Monetary System. Collins dictionary of law. W. J. Stewart. 2001. European Currency Unit …   Law dictionary

  • European Currency Unit — ECU A currency medium and unit of account created in 1979 to act as the reserve asset and accounting unit of the European Monetary System (EMS). The value of the ECU was calculated as a weighted average of a basket of specified amounts of… …   Accounting dictionary

  • European Currency Unit — ECU A former currency medium and unit of account created in 1979 to act as the reserve asset and accounting unit of the European Monetary System (EMS). The value of the ECU was calculated as a weighted average of a basket of specified amounts of… …   Big dictionary of business and management

  • European Currency Unit — Infobox Currency iso code = XEU using countries = European Community and later the European Union pegged with = The ECU was a basket of currencies symbol = ₠ (rare), ECU or XEU plural = usually ECUs used coins = Gibraltar issued commemorative Ecu …   Wikipedia

  • European Currency Unit — (ECU)   Introduced in 1979 as a central element of the European Monetary system (EMS) to support the Exchange Rate Mechanism (ERM). Based upon a weighted basket of currencies and supported by the European Monetary Cooperation Fund (EMCF), under… …   Glossary of the European Union and European Communities

  • European Currency Unit — n. Euro, unit of currency introduced in 1999 as the composite monetary unit of the members of the European Union, €, ECU …   English contemporary dictionary

  • European Currency Unit — /ˌjυərəpi:ən k rənsi ju:nɪt/ noun a monetary unit used within the EU. Abbreviation ECU …   Dictionary of banking and finance

  • Monetary unit — Monetary Mon e*ta*ry, a. [L. monetarius belonging to a mint. See {Money}.] Of or pertaining to money, or consisting of money; pecuniary. The monetary relations of Europe. E. Everett. [1913 Webster] {Monetary unit}, the standard of a national… …   The Collaborative International Dictionary of English

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