Published on 22nd of February 2024
Since the euro cash changeover in January 2002 the concept of currency circulation is not relevant nationally
Because of the lack of measurement of banknotes's migration, this indicator is only relevant at the level of the
Eurosystem, and represents the overall volume of banknotes and coins in circulation, including those outside the
eurozone At the national level, we use the concept of net issuance, representing the cumulative sum of the
differences between the withdraws and the lodgments of each National Central Bank since the introduction of the
euro