1979 was a special time, when Europeans joined hands and sang the song of linked currencies. It was the year the European Monetary System (EMS) was born.
The EMS was an agreement between multiple countries in Europe that sought to link their currencies for economic stability within the eurozone.
If you’re thinking “isn’t that what the euro is for?”...you’re right. The euro didn’t happen until 1999 though. In the 20 years prior to the euro, Europe had the EMS. The EMS was eventually replaced with the European Economic and Monetary Union (EMU), a part of the European Union, which created the euro. Are eur-okay?
The EMS was the first step Europe took towards the euro and the general unified economic efforts of Europe, for the benefit of them all.
Well, until Brexit, that is. Break a leg, guys.
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Finance allah shmoop what is a lie Boer No it's
not the result of these two zoo animals Mating lie
Boer stands for london interbank offering rate And it's basically
just the british quote fed unquote central bank rate reflecting
the absolute lowest interest rate at which the british banking
system well loan money to its best Most well heeled
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lie before i risk your loans might come in something
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lie bore plus fifty loan would be loaned out at
two point seven five percent interest And libras important has
been around forever and much of the world uses it
as thie pegging number two then add some risk percentage
on top of it when they quote loans to whoever
they're loaning money to That's basically it No need for 00:01:08.819 --> [endTime] any wild animals teo you know get wild
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