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.

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Word of the day coloratura
Pronunciation: ˌkələrəˈto͝orə
noun
elaborate ornamentation of a vocal melody