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Европски монетарен систем
Abbr.: EMS. The European Monetary System I (EMS I) was a system of fixed, but nonetheless flexible, exchange rates determining the exchange rates for the currencies of certain EU member countries. Since the European Monetary Union came into force a new system (EMS 2) has governed the fixing of exchange rates between the euro and the currencies of those EU countries not participating in the single currency.
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- Part of Speech: noun
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- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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