European Monetary Cooperation Fund (EMCF)

Fonds européen de coopération monétaire (FECOM)
Europäischer Fonds für Währungspolitische Zusammenarbeit (EFWZ)
Fondo Europeo di Cooperazione Monetaria

Search Open Yearbook

This information is part of the Open Yearbook, a free service of UIA's subscription-based Yearbook of International Organizations (YBIO). It includes profiles of non-profit organizations working worldwide in all fields of activity. The information contained in the profiles and search functionality of this free service are limited.

The full-featured Yearbook of International Organizations (YBIO) includes over 72,500 organization profiles, additional information in the profiles, sophisticated search functionality and data export. For more information about YBIO, please click here or contact us.

The UIA is a leading provider of information about international non-profit organizations. The aim of the Open Yearbook is to promote the activities of international non-governmental organizations (INGOs) and intergovernmental organizations (IGOs).

History

6 Apr 1973, with separate legal personality, by Regulation (EEC) No 907/73, 3 Apr 1973, of the then Council of the European Communities, currently Council of the European Union. Located in Luxembourg following Decision 73/208/EEC, 24 July 1973, of representatives of governments of Member States of the European Communities. Originally intended as precursor to a European Central Bank (ECB). A constituent body of European Communities (EC), to be consulted regarding changes in the composition of the ECU, the EMCF came within the framework of European Monetary System (EMS) from Mar 1979. Dissolved as of 1 Jan 1994, in the progress towards European Economic and Monetary Union (EMU), when tasks were taken over by the European Monetary Institute (EMI) envisaged in Treaty on European Union (Maastricht Treaty).

Aims

Promote the proper functioning of the Basel Agreement of 24 Apr 1972 on the narrowing of the margins of fluctuations between Community currencies (superseded in Mar 1979 by the Agreement between the central banks of the Member States of the European Economic Community laying down the operating procedures for the European Monetary System).

Available with paid subscription only.

Activities

Administers, under the European Monetary System, the very short-term financing (provided for by the Agreement of 13 Mar 1979 between the central banks of EEC Member States laying down the operating procedures for the European Monetary System) and the short-term monetary support (provided for by the Agreement of 9 Feb 1970 between the central banks of EEC Member States) and issues European Currency Unit (ECU) to EEC central banks in exchange for deposit of 20 percent of their gold reserves and 20 percent of their US$ reserves; administers loans raised under the Community facility providing medium-term financial assistance for EEC Member States' balances of payments (Regulation (EEC) No 1969/88 of Council of the European Communities of 24 June 1988). Execution of technical aspects of the Fund's operations has been delegated to Bank for International Settlements (BIS), acting as Agent for the EMCF.

Structure

Available with paid subscription only.

Languages

English, French, German.

Financing

Available with paid subscription only.

Members

Members in 12 countries
More detailed data available with paid subscription.

Type I Classification

Available with paid subscription only.

Type II Classification

Available with paid subscription only.

Subjects *

  • Commerce
    • Funds
    • Currency
    • Money
  • Solidarity
    • Cooperation

UN Sustainable Development Goals **

GOAL 17: Partnerships to achieve the Goal

UIA Org ID

F0093

Last News Received

10. Jun 1993
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

You are viewing an organization profile from the Yearbook of International Organizations Online.
← return to your search page to find additional profiles.
Terms of Use

UIA allows users to access and make use of the information contained in its Databases for the user’s internal use and evaluation purposes only. A user may not re-package, compile, re-distribute or re-use any or all of the UIA Databases or the data* contained therein without prior permission from the UIA.

Data from database resources may not be extracted or downloaded in bulk using automated scripts or other external software tools not provided within the database resources themselves. If your research project or use of a database resource will involve the extraction of large amounts of text or data from a database resource, please contact us for a customized solution.

UIA reserves the right to block access for abusive use of the Database.

* Data shall mean any data and information available in the Database including but not limited to: raw data, numbers, images, names and contact information, logos, text, keywords, and links.