Monetary union

In economics, a monetary union is a situation where several countries have agreed to share a single currency among them, for example, the East Caribbean Dollar. A monetary union differs from an Economic and Monetary Union, where it is not just currency but also economic policy that is pooled or co-ordinated (as in the European Union Eurozone, for instance).

Related Topics:
East Caribbean Dollar - Economic and Monetary Union - European Union - Eurozone

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