Value of money supply in Poland 2002-2023
The money supply is the number of monetary assets available in an economy. M1, called "narrow money," includes currency in circulation (banknotes and coins) and overnight deposits. It depicts the value of the most liquid components of the money supply. M2, or the "intermediate money," is the sum of M1 (currency in circulation and overnight deposits), deposits with a maturity of a maximum of two years, and deposits redeemable at notice of a maximum of three months. M3, called the "broad money," is the sum of M1 (currency in circulation and overnight deposits), M2 (M1 plus deposits with a maturity of a maximum of two years and deposits redeemable at notice of a maximum of three months), and marketable instruments issued by Monetary Financial Institutions such as repurchase instruments or money market fund units.