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RBA Glossary definition for ECU

ECU – European currency unit

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December: 1997-Glossary

9 Mar 2023 Media Release
ECU. European currency unit. EMEAP. Executive Meeting of East Asian and Pacific central banks. ... XEU. SWIFT code for the European currency unit (ECU). XPF. Central Pacific franc.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-e.html

RESERVE BANK OF AUSTRALIA FOREIGN EXCHANGE SETTLEMENTPRACTICES IN AUSTRALIA ...

18 Dec 1997 Media Release PDF 268KB
The last currency where payment instructions become irrevocable is the ECU.By 10.30 pm AEST, foreign exchange settlement risk on a single day’s transactionsreaches its maximum of $A122 billion; ... pay ECU become irrevocable late on day V.
https://www.rba.gov.au/media-releases/1997/pdf/fxsp.pdf

December: 1997-Settlement Practices in the Australian Foreign Exchange Market

9 Mar 2023 Media Release
The last currency where payment instructions become irrevocable is the ECU. ... instructions to pay ECU become irrevocable late on day V.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-practices-aus-fx-market.html