Section 2Part 0 —
Interpretation
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In this Law, unless the context requires otherwise —
"euro" means the common currency of participating member states of the European Union that adopt a single currency in accordance with the Treaty;
"ECU" or "European Currency Unit" means the currency basket that is from time to time used as the unit of account of the European Community as defined in European Council Regulation No. 3320/94;
"introduction of the euro" includes the implementation from time to time of Economic and Monetary Union in member states of the European Union pursuant to the Treaty; and
"Treaty" means the Treaty on European Union signed in Maastricht on 7th February, 1992.
Defined Terms
euroECUEuropean Currency Unitintroduction of the euroTreaty
Cross References
- Section of European Council Regulation 3320 94
European Council Regulation No. 3320/94
Referenced By
- Section 6 — References to ECU
Section 2 (definition of ECU)