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What is ECU?

Updated: 9/13/2023
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15y ago

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European Currency Unit

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What is the euro currency?

The euro is a currency formed in 1999 from the ECU (a former banking currency). The euro became the currency of 11 member states of the European Union and was under the independent management of the European Central Bank.The initial members of the euro where Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain. In 1999 the separate currencies of these countries ceased to exist and simply became sub-denominations of the euro. The banknotes and coins of these former currencies however continued to circulate until physical euro currency was released on January 1st 2002.Greece joined the Euro on 1st January 2002, just in time for the introductuon of the physical euro currency. Slovenia joined on 1st January 2007. Cyprus and Malta joined the euro on 1st January 2008.All member states that joined the European Union since 1999 must adopt the euro as soon as it is possible.true


How is Edith Cowan University ranked in the world university ranking?

Continent ranking - 37 (2007 Australian University Rankings from the Melbourne Institute)World ranking - 1132 (http://www.webometrics.info/details.asp?univ=ecu.edu.au)ECU is rated as a 5 star Teaching Quality University, and has also been awarded a 5 star rating for its MBA course, one of the best in Australia, for the academic quality of its teaching staff, corporate links, and gender equality. (Good Universities Guide 2009).Recent AwardsWinner of two national BHERT awards in 2006Winner of two prestigious Carrick Awards for Australian University Teaching in 2006First Australian Fellow of the Association for the Advancement of Computing in Education (AACE)International Student Advisers' Network of Australia (ISANA) Outstanding Individual Achievement Award 2006Winner of five categories at the National Awards of the Journalism Education Association in 2006World winners of the 2007 IAA Dentsu InterAd XI Global Student Advertising Competition