Value of money supply M3 in Italy 2016-2020
The statistic depicts the change in the money supply M3 in Italy from June 2017 to May 2020. The money supply is the amount of monetary assets available in an economy. M3, called the "broad money" is the sum of M1 (currency in circulation* and overnight deposits), M2 (M1 plus deposits with maturity of maximum two years and deposits redeemable at notice of maximum three months) and marketable instruments issued by Monetary Financial Institutions such as repurchase instruments or money market fund units. The value of money supply M3 amounted to approximately 1.71 trillion euros as of May.
