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cent

cent  

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Overview Page
1 A monetary unit of American Samoa, Antigua and Barbuda, Australia, the Bahamas, Barbados, Belau, Belize, Bermuda, the British Virgin Islands, Brunei, Canada, the Cayman Islands, Dominica, East ...
drachma

drachma  

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Overview Page
(Dr) Formerly, the standard monetary unit of Greece, divided into 100 lepta. It was subsumed into the euro for all purposes except cash transactions in 2001 and abolished in 2002.
ERM

ERM  

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Overview Page
Abbreviation for Exchange Rate Mechanism. See European Monetary System.
ESCB

ESCB  

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Overview Page
Abbreviation for European System of Central Banks. See European Central Bank.
escudo

escudo  

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Overview Page
1 The standard monetary unit of Cape Verde (CV Esc), divided into 100 centavos.2 The former monetary unit of Portugal and Madeira, divided into 100 centavos. It was subsumed into the euro for all ...
eurocheque

eurocheque  

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Formerly, a cheque drawn on a European bank that could be cashed at any bank or bureau de change in the world displaying the European Union sign; they could also be used to pay for goods and services ...
European Currency Unit

European Currency Unit  

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(Ecu)A unit of account introduced by the European Economic Community when forming the European Monetary System in 1979. The Ecu was a form of international money used by various official European ...
European Economic and Monetary Union

European Economic and Monetary Union  

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Overview Page
(EMU)The EU policy that culminated in the creation of the European Central Bank (1999) and a single European currency for participatein states. See feature Economic and Monetary Union.
European economic integration

European economic integration  

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Overview Page
The process by which the various countries of Europe are becoming more closely linked, particularly in trade and finance. This is partly the result of natural economic developments: trade has ...
European Monetary System

European Monetary System  

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Overview Page
(EMS)A European organization set up in 1979 to coordinate monetary policy and exchange rates in Europe. Its main activities were running the Exchange Rate Mechanism and planning European Monetary ...
Eurosystem

Eurosystem  

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Overview Page
The monetary authority of the Eurozone. The Eurosystem is composed of the European Central Bank and the central banks of the European Union member states that have adopted the Euro.
eurozone

eurozone  

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Overview Page
The 13 member countries of the European Union that have adopted the euro as their currency, namely Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, The Netherlands, ...
fix

fix  

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Overview Page
1 The determination and setting of an interest or exchange rate, or security or commodity price. Used principally for determining reference rates for euronotes, floating rate certificates of deposit; ...
gold standard

gold standard  

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Overview Page
The setting of the value of a paper currency by reference to and exchangeable for gold (cf. convertibility). The USA operated a gold standard until 1971 fixed at US$35 an ounce.[...]
hard Ecu

hard Ecu  

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Overview Page
A proposal for a European Currency Unit (Ecu) that would initially have been equal in value to a bundle of European currencies, but could not subsequently be devalued relative to any member currency. ...
intervention mechanism

intervention mechanism  

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Overview Page
Formerly, the action by central banks and governments to stabilize exchange rates of currencies in the European Monetary System by buying or selling currencies on the open market or by initiating ...
lira

lira  

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Overview Page
1 (lT) The standard monetary unit of Turkey, divided into 100 kuruş.2 (L) Formerly, the standard monetary unit of Italy and San Marino, divided into 100 centesimi. It was subsumed into the euro for ...
Maastricht Treaty

Maastricht Treaty  

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A treaty on European economic and monetary union, agreed by the heads of government of the twelve member states of the European Community at a summit meeting in Maastricht in December 1991. ...
monetary reform

monetary reform  

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The revision of a country's currency by the introduction of a new currency unit or a substantial change to an existing system. Examples include decimalization of the UK currency (1971), the change ...
peseta

peseta  

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Overview Page
(Pta) Formerly, the standard monetary unit of Spain and one of the two standard monetary units of Andorra (see also franc), divided into 100 céntimos. It was subsumed into the euro for all purposes ...

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