![]() “Currency in circulation” reflects the circulation of euro banknotes and coins outside the MFI sector as a whole. As the ECB does not put any euro banknotes into circulation, it always records a net claim on the Eurosystem.Įuro coins are always treated as a central bank liability for statistical purposes, even though it is typically governments that are the legal issuers. When this liability does not match with the value of euro banknotes that a central bank has actually put into circulation, the difference is recorded as that central bank’s claim on, or liability towards, the Eurosystem. They are split between the NCBs and the ECB according to the banknote allocation key agreed by the Governing Council. This item provides data on the aggregated and consolidated balance sheet of the monetary financial institutions (MFI) sector.Įuro banknotes in circulation are recorded as a liability of the Eurosystem. Monetary financial institution balance sheet items (BSI) statistics: “currency in circulation” “Net circulation of coins” excludes any stocks of euro coins credited to the legal issuer but still physically held by the NCB (in countries where coins are issued by the treasury). Outstanding amounts may also be negative if the value/number of banknotes returned to an NCB is greater than the value/number it has issued because of banknote migration between the euro area countries.Īggregated for the whole euro area, these amounts give the “net circulation of banknotes” or “net circulation of coins” data item. It is calculated for each individual country as the total euro banknotes/coins put into circulation by the national central bank (NCB) of that country since the introduction of the euro, minus all euro banknotes/coins returned to that NCB. This item provides data on banknotes/coins put into circulation in the euro area. (monthly data as at the last calendar day of a month) Banknote and coin (BKN) statistics: “net circulation of euro banknotes/coins” Any economic interpretation of the data should take into account the methodologies and differences presented below. These data do not indicate whether the banknotes or coins are physically circulating within the euro area or outside the euro area. Three datasets with different objectives, scopes and methodologies provide information on banknote and coin circulation. All time series of banknotes and coins statistics Background The different datasets on banknotes and coins Flows data refer to the cumulated amount between the first and the last day of the reporting period. ![]() Stock data refer to the amount outstanding at the end of the reporting period.
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