European Monetary Institute

British  

noun

1. an organization set up in 1991 to coordinate economic and monetary policy within the European Union: superseded by the European Central Bank in 1998

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Example Sentences

He was its general manager from 1985 to 1993, when he was named president of the European Monetary Institute and put in charge of completing the euro project.

From New York Times • May 11, 2015

Mr. Lamfalussy was the founding president of the European Monetary Institute, which later became the European Central Bank and which now oversees the eurozone monetary system.

From New York Times • May 11, 2015

In addition, a European Monetary Institute will be established in 1994 and will later achieve full powers as Europe's central bank.

From Time Magazine Archive

The above provisions shall also apply to the European Monetary Institute.

From The Treaty of the European Union, Maastricht Treaty, 7th February, 1992 by European Union

Protocol on the Statute of the European Monetary Institute 5.

From The Treaty of the European Union, Maastricht Treaty, 7th February, 1992 by European Union