European Union Stock of quasi money

Stock of quasi money: $5.631 trillion (31 December 2008)
$5.18 trillion (31 December 2007)
note: this is the quantity of quasi money, M2-M1, for the euro area, converted into US dollars at the exchange rate for the date indicated; it excludes the stock of quasi money carried by non-euro-area members of the European Union

Definition: This entry comprises the total quantity of time and savings 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. When added together with "M1" the total money supply is known as "M2." 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 September 17, 2009