We use the number of units of each currency that are created as a measure of currency confidence or risk. When additional units of a currency are created there is a greater risk of a loss of purchasing power due to inflation or hyperinflation of the currency price of goods and services. People usually refer to currency as money unless it is debased severely by new currency creation. True money like gold and silver cannot be created by private and central banks.
Saturday, August 5, 2017
Euros Money Supply Up to June 2017
Monetary aggregate M3 for the euro area up to June 2017 for non-MFI European Residents excluding central government reported by MFI & central government and post office giro institutions in the euro area. Neither seasonally nor working day adjusted
M3 consists of currency in circulation, overnight deposits, deposits with an agreed maturity of up to two years, deposits redeemable at notice up to three months, repurchase agreements, money market fund shares/units, money market paper and debt securities with a maturity of up to two years and is net of unit/shares of money market funds, money market paper and other short-term securities with a maturity of up to two years issued by MFIs and held by non-euro area residents (as published from November 2001).
Monetary financial institutions (MFIs) are resident credit institutions as defined in European Union (EU) law
Information taken from the European Central Bank (ECB) website on 5 August 2017.
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