|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Sorted to unfit: The number and value of banknotes sorted to unfit, and thus withdrawn from circulation, during the reporting period.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:
Or alternatively, in the “notes” accompanying each country’s payments statistics data, in the “Reports” section of the SDW:
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.