This definition appears very rarely
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See other meanings of ERMII
Samples in periodicals archive:
Six other countries, which unlike Latvia and Lithuania, are not in the final stage of the convergence process by being members of the so-called Exchange Rate Mechanism II, are also candidates for eventual membership in the euro.
The center-right government dropped its plans for applying for Exchange Rate Mechanism II, the waiting room to the euro zone, after raising the alarm that the 2009 budget gap was 3.
The agreement also becomes important in the context of the exchange rate mechanism II agreement.