Definition of European Monetary System in English:

Share this entry

European Monetary System

(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.

For editors and proofreaders

Line breaks: Euro|pean Monetary System

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.