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European exchange rate mechanism

   Also found in: Acronyms, Wikipedia, Hutchinson 0.09 sec.
European exchange rate mechanism (ERM)
The system that countries in the European Union once used to pay exchange rates within bands around an ERM central value.


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Tusk's government has said it wanted Poland to enter the ERMII or European Exchange Rate Mechanism II in the first half of 2009, but analysts doubt that this will be possible because of the zloty's volatility.
refers to 16 September 1992 when the Conservative government was forced to withdraw the Pound from the European Exchange Rate Mechanism (ERM) due to pressure by currency speculators—most notably George Soros who made over
refers to 16 September 1992 when the Conservative government was forced to withdraw the Pound from the European Exchange Rate Mechanism (ERM) due to pressure by currency speculators—most notably George Soros who made over
 
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