| 单词 | exchange rate mechanism |
| 释义 | exchange rate mechanism exchange rate mechanism noun
(Economics )
1 Exchange Rate Mechanism (abbr ERM) [sing.] a way of linking the currencies of some European Union countries and controlling their exchange rates, before the euro was introduced in 1999
2 [C] any system in which the values of different currencies are linked together: She predicts that Asian economies will set up an exchange rate mechanism. |
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