The three stages for the implementation of the EMU were the following: On 1 July 1990, exchange controls are abolished, thus capital movements are completely liberalised in the European Economic Community.
Tiga tahap impelemntasi EMU dijabarkan sebagai berikut: Pada tanggal 1 Juli 1990, pengendalian nilai tukar dihapuskan, sehingga pergerakan modal dibebaskan secara penuh di dalam Komunitas Ekonomi Eropa.