1. The Commission may adopt implementing acts safeguarding the application of Union law if exceptional monetary practices related to national currency are likely to jeopardise it. Those implementing acts may only derogate from the existing rules for a period of time which is strictly necessary.
Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 116(3).
The European Parliament, the Council and the Member States shall be notified forthwith of the measures referred to in the first subparagraph.
2. Where exceptional monetary practices concerning a national currency are liable to jeopardise the application of Union law, the Commission shall be empowered to adopt delegated acts in accordance with Article 115 derogating from this Section, in particular in the following cases:
(a)
where a country uses abnormal exchange techniques such as multiple exchange rates or operates barter agreements;
(b)
where countries have currencies which are not quoted on official foreign exchange markets or where the trend in such currencies is likely to create distortion in trade.