WordReference Random House Unabridged Dictionary of American English © 2025
Eu′rope′an Mon′etary Sys′tem, 
  1. Economics, Business, Governmenta Common Market program designed to narrow the fluctuation of western European currencies against one another. Abbr.: EMS

Collins Concise English Dictionary © HarperCollins Publishers::
European Monetary System
  1. the system used in the European Union for stabilizing exchange rates between the currencies of member states and financing the balance-of-payments support mechanism. The original Exchange Rate Mechanism was formed in 1979 but superseded in 1999 when the euro was adopted as official currency of 11 EU member states. A new exchange rate mechanism (ERM II) based on the euro is used to regulate the currencies of participating states that have not adopted the euro
    Abbreviation: EMS
'European Monetary System' also found in these entries (note: many are not synonyms or translations):
ECU - EMS - Exchange Rate Mechanism

Forum discussions with the word(s) "European Monetary System" in the title:


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