ECU meaning in Banking ?

Answer:

What is European Currency Unit mean?

The European Currency Unit (French: Unité de compte européenne, 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. 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. However, it was used to price some international financial transactions and capital transfers.

reference

Full Form	Category
Electronic Circuit Unit	Academic & Science
East Central University	Academic & Science
Edith Cowan University	Academic & Science
Electric Combustion Unit	Academic & Science
Emergency Carolina University	Academic & Science
East Carolina University	Academic & Science
Electronic Camber Unit	Academic & Science
European Chess Union	Associations & Organizations
European Currency Unit	Banking
Extra Credit Union	Business
ECU Silver Mining Incorporated (de-listed)	Business
Earthmover Credit Union	Community
Eastman Credit Union	Community
Educators Credit Union	Community
Eisa Configuration Utility	Computing
Error Correction Unit	Computing
Electronic Crimes Unit	Computing
Electronic Computer Unit	Computing
Engine Computing Unit	Computing
Decurian	Cryptocurrency
ECOSC	Cryptocurrency
Electronic Control Unit	Electronics
EC2 compute unit	General
Equipment Cost Unit	General
Elastic Compute Unit	General
Everyone Carries Umbrellas	General
Earth Centered Universe	General
Engine Control Unit	General
Elevator Control Unit	General
Engine Calibration Unit	General
Ejaculation Close Up	General
A Elephants Carrying Umbrellas	General
Experimental Currency Unit	General
Emissions Control Unit	General
Extreme Close-Up	General
Ecosystem Communication Unit	General
Environmental Conditioning Unit	Governmental
Evidence Control Unit	Governmental
Economic Crimes Unit	Governmental
Environmental Control Unit	Medical
Eternal Care Unit	Medical
Extensor Carpi Ulnaris	Medical
Electronic Currency Unit	Regional
Electrical Control Unit	Space Science
Electronic Coupling Unit	Space Science
Experiment Control Unit	Space Science