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2.8 ECUs - Elizabeth II Eurotunnel
| Issuer | Gibraltar Government |
|---|---|
| Year | 1993 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Orientation | Medal alignment ↑↑ |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Mintage | 1993 PM |
| Additional information |
The ECU — European Currency Unit — was never legal tender in the conventional sense but existed as a basket currency used for accounting within the European Monetary System from 1979. Gibraltar's decision to issue ECU-denominated coins in the early 1990s was opportunistic: several small territories produced ECU pieces aimed squarely at the collector market ahead of anticipated European monetary union, knowing the denomination would likely become obsolete. The 2.8 ECU value was chosen to equal five US dollars at the exchange rate of the time.
The Channel Tunnel opened in May 1994, one year after this coin's issue date.