European Monetary System

European Monetary System (EMS) was an arrangement established in 1979 under the Jenkins European Commission where most nations of the European Economic Community (EEC) linked their currencies to prevent large fluctuations relative to one another.

After the demise of the Bretton Woods system in 1971, most of the EEC countries agreed in 1972 to maintain stable exchange rates by preventing exchange rate fluctuations of more than 2.25% (the European "currency snake"). In March 1979, this system was replaced by the European Monetary System, and the European Currency Unit (ECU) was defined.

单词	European Monetary System
释义	European Monetary System 英语百科 European Monetary System European Monetary System (EMS) was an arrangement established in 1979 under the Jenkins European Commission where most nations of the European Economic Community (EEC) linked their currencies to prevent large fluctuations relative to one another. After the demise of the Bretton Woods system in 1971, most of the EEC countries agreed in 1972 to maintain stable exchange rates by preventing exchange rate fluctuations of more than 2.25% (the European "currency snake"). In March 1979, this system was replaced by the European Monetary System, and the European Currency Unit (ECU) was defined.
随便看	phenolic note phenolic novolac phenolic novolakc phenolic paints Phenolic paper phenolic paper laminate phenolic piston phenolic plastic phenolic polyamine phenolicpolyvinyl acetal adhesive phenolic polyvinyl acetal adhesive phenolic printed circuit phenolic processing Phenolic product poisoning phenolic putty phenolic ready mixed paint phenolic resin phenolic resin adhesive phenolic resin baking adhesive solution phenolic resin baking varnish phenolic resin balls phenolic resin binder phenolicresin cement phenolic resin cement phenolic resin coating