Green pound
In the United Kingdom, the green pound was the common name for an exchange rate that was used to calculate the value of financial support within the European Union's Common Agricultural Policy until 1999. == Background == Prior to the institution of a common currency, the then European Economic Community decided in 1962 to denominate its transactions in its own internal unit of account – initially the gold parity unit of account, fixed to the value of gold, and equivalent to the US dollar.