9.7 %: Physical Euro In Circulation As A Percentage of Euro Area M2

November 19, 2011 6:09 pm

We have spotted multiple stats around the Euro and European Debt. We spotted this today:

“And indeed, Europeans’ preference for cash in hand over cash in the bank seems to be growing. In September, currency in circulation accounted for 9.7% of euro area M2 — a money supply category that also includes close substitutes for money such as savings accounts, checking deposits and retail money market funds. That is up from 8.9% at the start of 2009.”

Statistics Source: WSJ

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