The European Monetary Institute is established as the forerunner of the European Central Bank, with the task of strengthening monetary cooperation between the member states and their national banks, as well as supervising ECU banknotes.
Institut Moneter Eropa didirikan sebagai pendahulu Bank Sentral Eropa, dengan tugas memperkuat kerja sama moneter antarnegara anggota dan bank-bank nasional mereka, serta mengawasi uang kertas ECU.