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Definition of


Currency & Exchange

first stage in European monetary union the first stage of economic and monetary union of the EU, which came into force in March 1979, giving stable, but adjustable, exchange rates.

Related definitions of "EMS"

Definitions of ’EMS’ and meaning of ’EMS’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’EMS’ and other financial terms with our online QFINANCE Financial Dictionary.

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