Eksempler på brug af Irrevocable conversion rates på Engelsk og deres oversættelser til Dansk
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The number of digits in which the future irrevocable conversion rates will be expressed;
However, it was possible to pre-announce the bilateral rates of the currencies participating in the euro area which will be used on 31 December 1998 to set the irrevocable conversion rates for the euro.
These rates will become the Commission's proposal for die irrevocable conversion rates for the euro with die 11 participating currencies.
The current ERM bilateral central rates of the currencies of the Member States which, on the first day of Stage Three, will adopt the euro as their single currency,will be used in determining the irrevocable conversion rates for the euro.
Once the ECB conducts a single monetary policy and irrevocable conversion rates are fixed at the start of PHASE B, the ECU will exist as a currency in its own right.
Table 2- ERM bilateral central rates to be used in determining the irrevocable conversion rates for the euro.
The Treaty requires that the formal adoption of the irrevocable conversion rates for the euro take place on 1 January 1999 upon a proposal by the Commission and after consulting the ECB.
Joint Communiqué of 2 May 1998 on the determination of the irrevocable conversion rates for the euro.
In accordance with Article 109l(4) of the Treaty, the irrevocable conversion rates for the eurowill be adopted by the Council, on a proposal from the Commission and after consultation ofthe European Central Bank(ECB), on the first day of stage three, i.e. on 1 January 1999.
For the purposes of sending the data to the ECB, the whole time series are then converted into euro applying the irrevocable conversion rates as of 31 December 1998.
On the same day, the ECOFIN Council adopted a regulation fixing the irrevocable conversion rates between the Cyprus pound and the Maltese lira on the one hand and the euro on the other.
The exchange rates of the official ECU visà-vis the currencies of the euro area Member States set through this procedure will be adopted by the Council as the irrevocable conversion rates for the euro on and with effect from 1 January 1999.
The procedure agreed upon by all parties to this Joint Communiqué will ensure that the adoption of the irrevocable conversion rates for the euro will by itself, as required by Article 109l( 4) of the Treaty, not modify the external value of the ECU, which will be replaced on a 1:1 basis by the euro.
This overall pattern of convergence in short-term interest rates is consistent with a situation on the eve of Stage Three in which market exchange rates between the countries selected to participate in the euro area are equal to the pre-announced bilateral exchange rates which will be used in determining the irrevocable conversion rates for the euro see Annex.
Annexes Excerpts from the Convergence Report( March 1998) Joint Communiqué on the determination of the irrevocable conversion rates for the euro, dated 2 May 1998 Glossary Chronology of monetary measures taken in the EU in 1997 Other EMI publications 100 107 112 121 126.
The final phase of the transition to Stage Three started with the confirmation by the Heads of State or Government on 2/3 May 1998 of the Member States which fulfil the necessary conditions for the adoption of the single currency andthe pre-announcement of the bilateral exchange rates to be used in determining the irrevocable conversion rates for the euro.
For currencies participating in the euro area,the current ERM bilateral central rates will be used in calculating the final official ECU exchange rates which will be adopted by the Council as the irrevocable conversion rates for the euro on the first day of Stage Three, i.e. on 1 January 1999.
At the same time, the ministers of finance of the Member States adopting the single currency and the governors of the national central banks of these Member States agreed, together with the European Commission and the EMI,that the current ERM bilateral central rates of the currencies of the participating Member States would be used to determine the irrevocable conversion rates for the euro.
Whereas the Ministers of the Member States adopting the euro as their single currency, the Governors of the Central Banks of these Member States, the Commission and the European Monetary Institute/the European Central Bank,have issued two communications on the determination and on the adoption of the irrevocable conversion rates for the euro dated 3 May 1998(') and 26 September 1998, respectively;
At the same time, the finance ministers of the Member States adopting the single currency agreed, together with the governors of the NCBs, the European Commission and the EMI,that the ERM central rates of the currencies of the participating Member States would be used to determine the irrevocable conversion rates for the euro.
Also in May 1998, the ministers of finance of the Member States adopting the single currency agreed together with the governors of the national central banks of these Member States, the European Commission andthe EMI that the current ERM bilateral central rates of the currencies of the participating Member States would be used in determining the irrevocable conversion rates for the euro.
This overall pattern of convergence in short-term interest rates is consistent with a situation on the eve of Stage Three in which market exchange rates between the countries selected to participate in the euro area are equal to the pre-announced bilateral exchange rates which will be used in determining the irrevocable conversion rates for the euro.
With a view to guiding markets in the runup to Stage Three, the Ministers of the Member States adopting the euro as their single currency, the Governors of the Central Banks of these Member States, the European Commission and the European Monetary Institute( EMI)have agreed on the method for determining the irrevocable conversion rates for the euro at the starting date of Stage Three.
Tables 1 2 3 4 5 6 Recent developments in real GDP growth Composition of growth in the EU in 1997 Trade and current account balances in the EU A comparison of national and EUROSTAT unemployment data Economic indicators and the Maastricht Treaty convergence criteria Monetary policy targets and guidelines of Member States( a) Monetary aggregates- targets and guidelines( b)Formal inflation targets Outstanding Community loans Consultation procedures ERM bilateral central rates to be used in determining the irrevocable conversion rates for the euro 21 23 24 26 27 31.
In compliance with the legal framework for the use of the euro, once the irrevocable conversion rate for the euro for each participating currency has been adopted, it will be the only rate which will be used for conversion either way between the euro and the national currency unit and also for conversions between national currency units.