The ECU — European Currency Unit — was never legal tender in the conventional sense, being a basket currency used primarily in financial settlements between EU member states. Gibraltar's adoption of it for commemorative coinage in the 1990s was largely a political gesture, the territory using European monetary symbolism while remaining constitutionally outside the EU's direct jurisdiction. Richard I's connection to Gibraltar is essentially nil, making the pairing more marketing exercise than historical program.
The ECU — European Currency Unit — was never legal tender in the conventional sense, being a basket currency used primarily in financial settlements between EU member states. Gibraltar's adoption of it for commemorative coinage in the 1990s was largely a political gesture, the territory using European monetary symbolism while remaining constitutionally outside the EU's direct jurisdiction. Richard I's connection to Gibraltar is essentially nil, making the pairing more marketing exercise than historical program.