Business, Legal & Accounting Glossary
noun a method of stabilising exchange rates within the European Monetary System, where currencies could only move up or down within a narrow band (usually 2.25 per cent either way, but for certain currencies widened to 6 per cent) without involving a realignment of all the currencies in the system. AbbreviationERM a method of stabilising exchange rates within the European Monetary System, where currencies could only move up or down within a narrow band (usually 2.25 per cent either way, but for certain currencies widened to 6 per cent) without involving a realignment of all the currencies in the system.
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This glossary post was last updated: 20th November, 2021 | 0 Views.