Arrangement to coordinate monetary policy and exchange rates in the countries of the European Community. It was launched in March 1979, based on the Exchange Rate Mechanism (ERM), but ceased to function with the advent of the euro as the single European currency.
The flag is known as the ‘Lone Star’ banner. The red triangle symbolizes the blood shed in the fight for freedom from Spain. The blue stripes stand for Cuba's three provinces. Effective date: 20 May 1902.