The ministers of the euro area Member States , the ECB and the ministers and central bank governors of Denmark and Greece decide , in a common procedure involving the European Commission and after consultation of the Monetary Committee , to fix the central rates against the euro for the currencies participating in the exchange rate mechanism which comes into operation on 1 January 1999 .
Ïé õðïõñãïß ôùí êñáôþí-ìåëþí ôçò æþíçò ôïõ åõñþ , ç ÅÊÔ êáèþò êáé ïé õðïõñãïß êáé ïé äéïéêçôÝò ôùí êåíôñéêþí ôñáðåæþí ôçò Äáíßáò êáé ôçò ÅëëÜäïò áðïöáóßæïõí , óå êïéíÞ äéáäéêáóßá óôçí ïðïßá óõììåôåß ÷ å ç ÅõñùðáúêÞ ÅðéôñïðÞ êáé áöïý æçôÞèçêå ç ãíþìç ôçò ÍïìéóìáôéêÞò ÅðéôñïðÞò , íá êáèïñßóïõí ôéò êåíôñéêÝò éóïôéìßåò Ýíáíôé ôïõ åõñþ ôùí íïìéóìÜôùí ðïõ óõììåôÝ ÷ ïõí óôï ìç ÷ áíéóìü óõíáëëáãìáôéêþí éóïôéìéþí , ï ïðïßïò ôßèåôáé óå ëåéôïõñãßá ôçí 1ç Éáíïõáñßïõ 1999 .