He described Britain's entry into the European Exchange Rate Mechanism as an historic move.

他将英国加入欧洲汇率机制描述为具有历史意义的一步。

youdao

Europe started a long process towards monetary union, via an exchange-rate mechanism, which resulted in a single and free floating currency 30 years later.

欧洲开始了通过一项汇率机制迈向货币统一的漫长过程，30年后，它们拥有了一种自由浮动的单一货币。

youdao

We will continue to improve the mechanism for setting the renminbi exchange rate and keep it basically stable at an appropriate and balanced level.

继续完善人民币汇率形成机制，保持人民币汇率在合理、均衡水平上的基本稳定。

youdao

Mike German asked whether the First Minister would be in favour of Wales joining an exchange rate mechanism.

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The fiasco of Britain's ejection from the exchange-rate mechanism added an impression of incompetence to the impression of drift.

ECONOMIST: Memoirs are made of this

He was an adviser to Chancellor Norman Lamont during the Exchange Rate Mechanism crisis of the early 1990s and headed the inquiry into whether former Home Secretary David Blunkett misused his position.

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