Assertion: euro | /r/CapableOf | replace erm
Facets:
Source sentences:
text: The European Exchange Rate Mechanism 2 (ERM 2 or ERM II), formerly ERM, is a system introduced by the European Economic Community on 1 January 1999 alongside the introduction of a single currency, the euro (replacing ERM 1 and the euro’s predecessor, the ECU) as part of the European Monetary System (EMS), to reduce exchange rate variability and achieve monetary stability in Europe.