ERM

From Longman Dictionary of Contemporary EnglishRelated topics: FinanceERMERM /ˌiː ɑːr ˈem/ noun [singular, uncountable] BFthe abbreviation of exchange rate mechanismExamples from the CorpusERM• Rates reached 9% in September 1992 following sterling's withdrawal from the ERM and have fallen further since then.• In the ERM, currencies are not allowed to move outside their bands.• He fought to put the pound into the ERM two years ago, defeating ex-Premier Mrs Thatcher over the issue.• And in 1990, a Conservative Government joined the ERM.• If Britain is to return to the ERM - as it should - it will need flexibility under all three headings.• The ERM could provide a stronger framework for the maintenance of a stable currency.• The ERM is a high-unemployment club, with a slow growth rate.From Longman Business DictionaryERMERM nounFINANCE abbreviation for EXCHANGE RATE MECHANISMLuxembourg says it remains fully committed to keeping its currency within the ERM.

单词	ERM
释义	ERM From Longman Dictionary of Contemporary EnglishRelated topics: FinanceERMERM /ˌiː ɑːr ˈem/ noun [singular, uncountable] BFthe abbreviation of exchange rate mechanismExamples from the CorpusERM• Rates reached 9% in September 1992 following sterling's withdrawal from the ERM and have fallen further since then.• In the ERM, currencies are not allowed to move outside their bands.• He fought to put the pound into the ERM two years ago, defeating ex-Premier Mrs Thatcher over the issue.• And in 1990, a Conservative Government joined the ERM.• If Britain is to return to the ERM - as it should - it will need flexibility under all three headings.• The ERM could provide a stronger framework for the maintenance of a stable currency.• The ERM is a high-unemployment club, with a slow growth rate.From Longman Business DictionaryERMERM nounFINANCE abbreviation for EXCHANGE RATE MECHANISMLuxembourg says it remains fully committed to keeping its currency within the ERM.
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