Definition of European Monetary System in English:

European Monetary System

Syllabification: Eu·ro·pe·an Mon·e·tar·y Sys·tem
(abbreviation: EMS)
A monetary system inaugurated by the European Community in 1979 to coordinate and stabilize the exchange rates of the currencies of member countries, as a prelude to monetary union. It is based on the use of the Exchange Rate Mechanism.

Definition of European Monetary System in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day demoralize
Pronunciation: dɪˈmɒrəlʌɪz
cause (someone) to lose confidence or hope