European Union Stock of money

Stock of money: $5.542 trillion (31 December 2008)
$5.649 trillion (31 December 2007)
note: this is the quantity of money, M1, for the euro area, converted into US dollars at the exchange rate for the date indicated; it excludes the stock of money carried by non-euro-area members of the European Union

Definition: This entry, also known as "M1," comprises the total quantity of currency in circulation (notes and coins) plus demand deposits denominated in the national currency, held by nonbank financial institutions, state and local governments, nonfinancial public enterprises, and the private sector of the economy. The national currency units have been converted to US dollars at the closing exchange rate on the date of the information.

Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of February 21, 2013