Meaning Of The Word European Monetary System

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European Monetary System Meaning

European Monetary System Definition
European Monetary System Definition

What's The Definition Of European Monetary System?

European Monetary System in American English
noun: a program designed to narrow the fluctuation of western European currencies against one another

European Monetary System in British English
noun: the system used in the European Union for stabilizing exchange rates between the currencies of member states and financing the balance-of-payments support mechanism. The original Exchange Rate Mechanism was formed in 1979 but superseded in 1999 when the e

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