monetary union
mo
ˈmɑ:
maa
ne
ni
ta
ˌtɛ
te
ry
ri
ri
u
ju:
yoo
nion
niən
niēn
British pronunciation
/mˈʌnɪtəɹi jˈuːniən/

Definition & Meaning of "monetary union"in English

Monetary union
01

an agreement between two or more countries to share a single currency and coordinate their economic policies

example
Examples
The eurozone is an example of a successful monetary union.
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