Share this entry

European Monetary System Line breaks: Euro|pean Monetary System
(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:

Share this entry

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day exemplum
Pronunciation: ɪɡˈzɛmpləm
noun
an example or model...