The currency board arrangement has proved a successful nominal anchor for monetary policy, contributing to macroeconomic stabilisation and historically low inflation rates.

https://eur-lex.europa.eu/lega (...) (...) [HTML] [2017-12-31]

Le mécanisme de caisse d'émission a permis de donner un ancrage nominal à la politique monétaire, contribuant ainsi à la stabilité macroéconomique et à une baisse historique du taux d'inflation.

https://eur-lex.europa.eu/lega (...) (...) [HTML] [2017-12-31]

https://eur-lex.europa.eu/lega (...) [HTML] [2017-12-31]

The Bulgarian lev is not participating in ERM II. The BNB pursues its primary objective of price stability through an exchange rate anchor in the context of a Currency Board Arrangement (CBA).

http://eur-lex.europa.eu/legal (...) (...) [HTML] [2013-12-31]

Le lev bulgare ne participe pas au MCE II. La BNB poursuit son objectif prioritaire de stabilité des prix au moyen de l'ancrage du taux de change dans le cadre d'un système de caisse d'émission.

http://eur-lex.europa.eu/legal (...) (...) [HTML] [2013-12-31]

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The currency board arrangement continued to enjoy a high degree of credibility.

https://eur-lex.europa.eu/lega (...) (...) [HTML] [2010-11-08]

Le système de caisse d'émission continue de jouir d'une grande crédibilité.

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https://eur-lex.europa.eu/lega (...) [HTML] [2010-11-08]

the appropriateness of governance arrangements, including the composition of, and voting arrangements in, the Supervisory Board and its relation with the Governing Council, as well as the collaboration in the Supervisory Board between Member States whose currency is the euro and the other participating Member States in the SSM.

https://eur-lex.europa.eu/lega (...) (...) [HTML] [2013-10-14]

le caractère approprié des dispositions en matière de gouvernance, y compris la composition et les modalités de vote du conseil de surveillance et sa relation avec le conseil des gouverneurs, ainsi que la collaboration, au sein du conseil de surveillance, entre les États membres dont la monnaie est l’euro et les autres États membres participant au MSU.

https://eur-lex.europa.eu/lega (...) (...) [HTML] [2013-10-14]

https://eur-lex.europa.eu/lega (...) [HTML] [2013-10-14]

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The currency board arrangement continued to underpin macroeconomic stability and inflation receded to the low levels recorded before the introduction of the VAT in January 2006.

http://eur-lex.europa.eu/legal (...) (...) [HTML] [2006-11-30]

Le système de caisse d'émission continue de soutenir la stabilité macroéconomique et l'inflation est retombée aux modestes niveaux enregistrés avant l'introduction de la TVA en janvier 2006.

http://eur-lex.europa.eu/legal (...) (...) [HTML] [2006-11-30]

http://eur-lex.europa.eu/legal (...) [HTML] [2006-11-30]

Since 28 June 2004, Estonia has participated in ERM II and the Estonian authorities have committed to unilaterally maintaining their currency board arrangement within ERM II. The Estonian kroon has not deviated from its central parity.

http://eur-lex.europa.eu/legal (...) (...) [HTML] [2003-12-31]

L'Estonie participe au MTC 2 depuis le 28 juin 2004, et les autorités estoniennes se sont engagées à maintenir unilatéralement leur régime de caisse d'émission au sein de ce mécanisme. La couronne estonienne n'a pas dévié de son cours pivot.

http://eur-lex.europa.eu/legal (...) (...) [HTML] [2003-12-31]

http://eur-lex.europa.eu/legal (...) [HTML] [2003-12-31]

Since 28 June 2004, Lithuania has participated in ERM II and the Lithuanian authorities have committed to unilaterally maintaining their currency board arrangement within ERM II. The litas has not deviated from its central parity.

http://eur-lex.europa.eu/legal (...) (...) [HTML] [2003-12-31]

La Lituanie participe au MTC 2 depuis le 28 juin 2004, et les autorités lituaniennes se sont engagées à maintenir unilatéralement leur régime de caisse d'émission au sein de ce mécanisme. Le litas n'a pas dévié de son cours pivot.

http://eur-lex.europa.eu/legal (...) (...) [HTML] [2003-12-31]

http://eur-lex.europa.eu/legal (...) [HTML] [2003-12-31]

The currency board arrangement has proved a successful nominal anchor for monetary policy, contributing to macroeconomic stabilisation and historically low inflation rates.

http://eur-lex.europa.eu/legal (...) (...) [HTML] [2003-12-31]

http://eur-lex.europa.eu/legal (...) [HTML] [2003-12-31]

26. Underlines that, for candidate countries, some forms of "hard peg" to the euro, such as currency board arrangements, absolutely presuppose a domestic political consensus on this type of measure and a very strong and lasting discipline in every other respect of economic policy including fiscal policy, as well as a total commitment to take the necessary structural measures to bring the country up to euro area standards; cites Argentina as an example of a currency board, apparently working well, leading to a relaxation of economic policies and leading in turn to an economic and social disaster;

http://www.europarl.europa.eu/ (...) (...) [HTML] [2002-07-02]

26. souligne que certaines formes de "liaison dure" à l'euro des pays candidats, telles celles décidées par les autorités monétaires, présupposent absolument l'existence d'un consensus politique national sur ce type de mesures ainsi qu'une discipline très grande et durable concernant tous les autres aspects de la politique économique, notamment la politique fiscale, et un engagement total en vue de prendre les mesures structurelles nécessaires pour amener ces pays au niveau de ceux de la zone euro; cite l'Argentine comme un exemple de pays où l'autorité monétaire travaille apparemment de manière satisfaisante entraînant un assouplisseme ...[+++]

http://www.europarl.europa.eu/ (...) (...) [HTML] [2002-07-02]

http://www.europarl.europa.eu/ (...) [HTML] [2002-07-02]

26. Underlines that some forms of "hard peg" to the Euro for applicant countries, like currency board arrangements, absolutely presuppose a domestic political consensus on this type of measure and a very strong and lasting discipline in every other aspect of economic policy including fiscal policy, as well as a total commitment to take the necessary structural measures to bring the country up to Euro area standards, quotes Argentina as an example of a currency board apparently working well leading to a relaxation of economic policies leading in turn to an economic and social disaster;

http://www.europarl.europa.eu/ (...) (...) [HTML] [2002-06-04]

http://www.europarl.europa.eu/ (...) [HTML] [2002-06-04]

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'Currency board arrangements'

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Translation of "Currency board arrangements " (English → French) :

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