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This page is about the European Monetary Agreement. For the European Monetary System 1979, see European Monetary System.
Not to be confused with European Monetary System.
The European Monetary Agreement (EMA) was an arrangement formed between countries within Europe to enable a sense of stability for the balance of payments accounts of member states. The EMA was implemented by the Organisation for Economic Cooperation and Development (OECD) to establish unity between the exchange rates of European countries, allowing member states to directly convert currencies. [1]
Quick Facts Duration, Motive ...
Duration | 17 years |
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Motive | Economic integration |
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