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Establishment of the European Monetary Institute

On 1 January 1994 the European Monetary Institute, EMI, was established. The EMI's main role was to coordinate the monetary and exchange-rate policies of the EU member states, and to prepare the single monetary policy and the single central bank in stage three of EMU. The EMI was the forerunner of the European Central Bank, ECB.

Last update: 05/09/2011

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The architect Arne Jacobsen

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