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Investments glossary

Exchange Rate Mechanism (ERM) Definition

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Quotes of the day:

Those noble men who falsehood dread In wealth and glory ever grow, As flames with greater brightness glow With oil in ceaseless flow when fed.

— Sanskrit Proverb

An exchange rate mechanism (ERM) is a device used to manage a country’s currency exchange rate relative to other currencies. It is part of an economy’s monetary policy and is put to use by central banks.


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