# European Currency Unit

> basket of the currencies of the European Community member states, used as the unit of account of the EC before being replaced by the euro

**Wikidata**: [Q221828](https://www.wikidata.org/wiki/Q221828)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/European_Currency_Unit)  
**Source**: https://4ort.xyz/entity/european-currency-unit

## Summary

The European Currency Unit was established on January 1, 1979 [1]. It served as a basket currency composed of the official currencies of European Economic Community member states. The unit was used for accounting purposes and in financial transactions among member countries before the introduction of the euro. [1]


## References

1. Integrated Authority File
2. [Nuovo soggettario](https://thes.bncf.firenze.sbn.it/termine.php?id=47260)
3. ISO 4217
4. [Das Europäische Währungssystem I](http://www.eu-info.de/euro-waehrungsunion/5009/5280/5281/)
5. Freebase Data Dumps. 2013
6. National Library of Israel