ecu
pronunciation
How to pronounce ecu in British English:
UK 
How to pronounce ecu in American English:
US
Word Origin
- ecu (n.)
- old French silver coin, 1704, from French écu, "a shield," also the name of a coin, from Old French escu (12c.) "shield, coat of arms," also the name of a coin with three fleur-de-lys stamped on it as on the shield, formerly escut, from Latin scutum "shield" (see hide (n.1)). First issued by Louis IX (1226-1270); so called because the shield of France was imprinted on them.
Example
- 1. This would be a basket currency linked to the new national currencies created after a break-up akin to the original ecu basket .
- 2. Introducing a new ecu would help to facilitate an orderly redenomination of a host of instruments such as debt issued in euros under english law , euro-denominated loans extended by global banks , and euro-denominated swaps and foreign exchange forward contracts .