1 ECU Hellenic Presidency

Greece held the rotating presidency of the European Council for the first half of 1994, and this issue commemorates that term directly. The ECU — European Currency Unit — was the basket-currency precursor to the euro, never circulated as physical tender but used extensively in financial settlements and, notably, as the basis for a wave of commemorative issues produced by member states throughout the late 1980s and 1990s.

The X# reference places it in Krause's unusual "world coins" category for non-standard issues — collector pieces with no binding circulation status.