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  • 标题:Common Currency and European Common Monetary System
  • 作者:Dr. Osman Nuri Aras Elçin Süleymanov
  • 期刊名称:Journal of Qafqaz Universty
  • 印刷版ISSN:1302-6763
  • 出版年度:2005
  • 卷号:16
  • 出版社:Qafqaz University
  • 摘要:Common Monetary System, is one of the stages of Economical Union in the way of economical integration. Even during the Second World War just before the foundation of IMF US dollar became the most spreaded currency in the world. At those time such natinal money as British sterling, Switzerland Frank, Germany Mark, Frnech Frank, Japonese Yenwere also used as convertible currency among states. Nevertheless, their circulation capasity in compare to US dollar were very small. Provided that, the idea of common currency in Europe with the reasons of decreasing of importance of dollar and creating common economical zone in European region, began realised with the creation of European Coal and Steal Community in 1952. The last stage of Integrational process which began in the Western Europe the Economical and Monetary Union Integration brought common currency named EURO. Being firstly provided in 1 January 1999, EURO, since 1 January 2002 replaced national currencies of 12 states member of Economical and Monetary Union.
  • 关键词:Currency, EUOR, Economical Union, Monetary Union
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