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European exchange rate mechanism
(redirected from Exchange Rate Mechanism II)

    Also found in: Acronyms, Wikipedia 0.03 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.
Poland 'determined' to adopt euro despite crisis: PM by AFP / AFP Global Edition
 
 
 
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