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The term écu (French pronunciation:) may refer to one of several French coins. [1] The first écu was a gold coin (the écu d'or ) minted during the reign of Louis IX of France , in 1266. The value of the écu varied considerably over time, and silver coins (known as écu d'argent ) were also introduced.
The European Currency Unit (French: Unité de compte européenne, Spanish: Unidad Monetaria Europea, German: Europäische Währungseinheit ; ₠ , ECU, or XEU) was a unit of account used by the European Economic Community and composed of a basket of member country currencies.
French 1793 24₶. gold coin of 7.64 grams. The livre (abbreviation: £ or ₶., [1] French for libra (pound)) was the currency of Kingdom of France and its predecessor states of Francia and West Francia from 781 to 1794. Several different livres existed, some concurrently. The livre was the name of coins and of units of account.
The ECU was the official monetary unit of the EMS, but it was purely a composite accounting unit, not a real currency. The ECU's value was based on the weighted average of a basket of 12 European currencies; the Austrian schilling, Belgian franc, German mark, Spanish peseta, French franc, Finnish markka, Greek drachma, Irish pound, Italian lira ...
ECU may refer to: Currencies. European Currency Unit, precursor to the euro; Écu, French coins of the 13th–19th centuries; Technology. Electronic control unit;
The first French paper money, issued between 1701 and 1720, was denominated in livre tournois (see "Standard Catalog of World Paper Money", Albert Pick). This was the last time the name was used officially, as later notes and coins were denominated simply in livres , the livre parisis having finally been abolished in 1667.
The coinage of Philip IV of France (1268–1314, also known as "Philippe le Bel") marks the first mass diffusion of gold coinage in the Kingdom of France (before him, only his grandfather Saint Louis IX, had minted a few gold coins, the "Ecu"). Philip however had to resort extensively to monetary devaluations and reevaluations in order to ...
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