Not really. Pre-1999 ECU it's on a crawl peg to multiple currencies, post-1999 euro it's a reverse hard peg (since while ECU is pegged to its currencies and som

Not really. Pre-1999 ECU it's on a crawl peg to multiple currencies, post-1999 euro it's a reverse hard peg (since while ECU is pegged to its currencies and some more including British Pound and US Dollar, post-1999 the currencies that were in ECU (except for Greek drachma) are now pegged in euro) and are being used by some pan-European companies (for example Airbus) to denote their accounting. Technically some of the currencies that are on EMU still exists until this day (although you'll get confused faces when you used old notes, only the central banks that issued them are the ones currently redeeming them). (edit: didn't noticed that drachma autocorrected to dharma)