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European Monetary System Syllabification: Eu·ro·pe·an Mon·e·tar·y Sys·tem
Pronunciation: /ˈˌyərəˈˌpēən/ /ˈˌyo͞orəˈˌpēən ˈmänəˌterē ˈsistim/ /ˈsistəm/
(abbreviation: EMS)

Definition of European Monetary System in English:

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:
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