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BKN - Banknotes statistics


Contact , Data , Access by the public , Integrity , Methodology

 
Contact
  Dataset contact e-mail For euro-area Member States monetary.statistics@ecb.int
For non-euro area Member States data: payments.statistics@ecb.int
 
Data Go to the top of BKN - Banknotes statistics.
  Source agency For euro area and non-euro area Member States, the ECB collects data directly from the National Central Banks.
  Data category Banknotes and Coins statistics
  Data characteristics For the euro area Member States: banknotes and coins are available in ‘thousands’ of euro or as a pure number (quantities).

For non-euro area Member States: banknotes and coins are available in ‘thousands’ of national currency units, for each country.

  Short presentation of data items Banknotes statistics refer to data on outstanding amounts (stocks) and transactions (flows) of euro banknotes and coins, divided into: issued into circulation, returned from circulation, sorted to check authenticity & fitness and sorted to unfit during the reporting period. The dataset includes also data on collector coins issued net of collector coins returned. Data on the number of NCBs and commercial banks branches which provides cash related services are also included.

For non-euro area Member States, banknotes and coins in circulation as well as Collector Coins are provided.

The ECB closely monitors the stock and circulation of euro banknotes and coins. It is the Eurosystem’s task to ensure a smooth and efficient supply of euro banknotes and to maintain their integrity. Euro banknotes and coins first came into circulation on 1 January 2002, replacing national currencies. Today, euro banknotes and coins are legal tender in 16 of the 27 Member States of the European Union.

  National currency For non-euro area Member States: data are expressed in national currencies (in thousands). In the case of new countries joining the Euro Area, historical data are still available up to the joining month.
  Types of data source Data for the euro area banknotes and coins statistics are recorded at NCB level and reported to the ECB via the Currency Information System (CIS database) at a monthly frequency. Directorate General Statistics is then in charge of compiling aggregates and disseminating the non-confidential data to the ESCB and to external users (approximately at the 12th w.d.).

Data for the non-euro area banknotes and coins statistics are recorded at NCB level and reported directly to the ECB’s Directorate General Statistics, which is then in charge of disseminating these data to external users. These data are updated once per year, in mid-September.

  Seasonal adjustment No
  Periodicity For euro area Member States, the ECB publishes data on a monthly basis (around the 12th working day). Data on cash logistics are published at semi-annual frequency. Time series start from January 2002.

For non-euro area Member States, the ECB collects banknotes and coins data as part of the “payments statistics” reporting framework. This data collection takes place in Q3 of each year, and publication takes place the same year, in mid-September. Time series start from January 2000.

  Catalog Download the series catalogue (complete list of series) of the dataset BKN (Public) (including the metadata): Excel 2013 or the earlier Excel versions.
 
Access by the public Go to the top of BKN - Banknotes statistics.
  Dissemination formats For euro area Member States, the following dissemination formats are available:

• As time series, accessible via the options “Economic Concepts”/”Banknotes and coins”:
http://sdw.ecb.europa.eu/browse.do?node=5274891
by selecting the option for the geographic area “Euro area (changing composition)”
• In pdf format, from the ECB’s webpage, under:
http://www.ecb.europa.eu/stats/euro/circulation/html/index.en.html


For non-euro area Member States, the following dissemination formats are available:

• As time series, accessible via the options “Economic Concepts”/”Banknotes and coins”:
http://sdw.ecb.europa.eu/browse.do?node=5274891
• In .pdf format, accessible via the option “Reports”/”Payments statistics”/ “Country tables: Non-euro area”:
http://sdw.ecb.europa.eu/reports.do?node=100000765

  News release For euro area data, no press release takes place.
For non-euro area data, a press release in Q3 of each year announces the publication of the latest data and revisions.
 
Integrity Go to the top of BKN - Banknotes statistics.
  Institutional framework for statistics Principal legislation — banknotes:

Decision of the European Central Bank on the denominations, specifications, reproduction, exchange and withdrawal of euro banknotes (ECB/2003/4) (2003/205/EC), March 2003

Guideline on the enforcement of measures to counter non-compliant reproductions of euro banknotes and on the exchange and withdrawal of euro banknotes (ECB/2003/5) (2003/206/EC), March 2003

Principal legislation — coins:

Council Regulation (EC) No 975/98 of 3 May 1998 on denominations and technical specifications of euro coins intended for circulation;

Council Regulation (EC) No 2182/2004 of 6 December 2004 concerning medals and tokens similar to euro coins;

Council Regulation (EC) No 2183/2004 of 6 December 2004 extending to the non-participating Member States the application of Regulation (EC) No 2182/2004 concerning medals and tokens similar to euro coins.

 
Methodology Go to the top of BKN - Banknotes statistics.
  Concepts and Definitions ESCB harmonised definitions

Net circulation: number of banknotes and coins in circulation (for banknotes, it has to be calculated and equals created notes less destroyed notes less stocks of the NCBs).

Banknotes and coins returned from circulation: The number and value of banknotes and coins returned to the reporting NCB during the reporting period.

Banknotes and coins sorted to check authenticity & fitness: The number and value of banknotes checked for authenticity and fitness by the reporting NCB on banknotes sorting machines or manually, during the reporting period.

Sorted to unfit: The number and value of banknotes sorted to unfit, and thus withdrawn from circulation, during the reporting period.

The total number of branches of NCBs and of credit institutions providing cash services, at the end of the reporting period.

Collector coins issued net of collector coins returned: the total face value of all Euro collector coins, which are defined as coins not intended for circulation. Euro collector coins have legal tender status in the country of issue but not in the other participating member states and must be readily distinguishable from Euro circulation coins.

For non-euro area Member States:
Data reported which do not comply with the ESCB’s harmonised definitions are specified in the “Payments statistics – compilation of notes” document available via the ECB’s website:
http://www.ecb.int/stats/pdf/paymentstatistics_notes_discrepancies.pdf?5e4ee4c0e0efb214b636b3ab7f48e05d

Or alternatively, in the “notes” accompanying each country’s payments statistics data, in the “Reports” section of the SDW:
http://sdw.ecb.europa.eu/reports.do?node=100000765

Banknotes and coins statistics are related to the ECB’s monetary statistics for the monetary and financial institutions sector (MFI)(http://www.ecb.int/stats/money/aggregates/aggr/html/index.en.html) as follows:

• Aggregated balance sheet of the MFI sector:

Currency in circulation as recorded in the aggregated balance sheet of the MFI sector roughly corresponds to the sum of Net circulation of Euro banknotes/coins and Collector coins issued net of collector coins returned as available from the banknotes statistics. Collectors coins are included in the aggregated balance sheet of the MFIs. The difference between the monetary statistics aggregates and the Euro banknotes and coins data is generally around 0.2% of the total issuance (ca 1.5 b.€).,A notable exception are the data for the year 2002 and for the months following each euro area enlargement; in this periods also legacy currencies are included in the category "currency in circulation".

• Consolidated balance sheet of the MFI sector:

Only currency circulating outside the MFIs is included in the consolidated balance sheet of the MFI sector, therefore currency in circulation equals roughly the sum of Net circulation of banknotes/coins and Collector coins issued net of collector coins returned (not all NCBs include the collectors coins in the aggregate) less the so-called “Vault cash”, i.e. the holdings of currency of the MFI sector.

  Geographic coverage EU 27
  Transactions coverage Stock and flow for euro area Member States; stocks only for non-euro area Member States.

Stocks data refer to the amount outstanding at the end of the reporting period; flows data refer to the cumulated amount. Both items are denominated in thousands of pieces (for series of quantities) and in thousand of Euro or thousands of national currency units (for series of values).