Currency of European Community; Abbreviation for European Currency Unit, the official monetary unit of the European Union. It is based on the value of the different currencies used in the European Monetary System (EMS).
(Currency) The original term for the euro, the currency adopted for use in the European Community as of 2002, abbreviated from

1. (Archaic) A quarter of a crown, in Britain.
2. (Archaic) A coin worth three francs, in nineteenth-century France.