Definition of European Monetary System in English:

European Monetary System

Translate European Monetary System into Spanish

proper noun

(also 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.

Pronunciation

European Monetary System

/ˌyo͝orəˌpēən ˈmänəˌterē ˌsistəm/ /ˌjʊrəˌpiən ˈmɑnəˌtɛri ˌsɪstəm/