Memo: Background information on ERM II and euro membership criteria

Author (Corporate)
Series Title
Series Details MEMO/05/147 (2.5.05)
Publication Date 02/05/2005
Content Type ,

The currencies of Cyprus, Latvia and Malta were included in the Exchange Rate Mechanism II (ERM II) on 2 May 2005. They followed Estonia, Lithuania and Slovenia, which had become members of ERM II on 28 June 2004, as well as Denmark, a long-standing member. The questions and answers in this Memo aim to explain how the system works.

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