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Glossary   >   E   >   "European Monetary System (EMS)" Definition            European Monetary System (EMS) An exchange arrangement formed in 1979 that involves the currencies of European Union member countries. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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European Monetary System (EMS) - An exchange arrangement formed in 1979 that involves the currencies of European Union member countries.