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How many banknotes are circulating in France?
[Quelle est la quantité de billets en circulation en France ?]

Author

Listed:
  • Élodie Ninlias
  • Emmanuelle Politronacci

Abstract

Within a monetary area, the quantity of banknotes circulating in a given Member State is unknown as banknotes move back and forth across borders and cannot be tracked. There are various estimates but these have the drawback of varying by up to a factor of three. But the issuance of the new series of euro banknotes, combined with surveys, enable these figures to be more specific. Only 10% of the banknotes issued in France are apparently used for transaction purposes in the country. Dans une union monétaire, la quantité de billets circulant dans un Etat membre est inconnue car les migrations transfrontières de billets ne peuvent pas être tracées. Il existe plusieurs approximations qui ont l’inconvénient de varier du simple au triple. Néanmoins, la mise en circulation de la nouvelle gamme des billets en euros, ainsi que des enquêtes, permettent de préciser ces chiffres. Seulement 10% des billets émis par la France seraient utilisés à des fins de transaction en France.

Suggested Citation

  • Élodie Ninlias & Emmanuelle Politronacci, 2018. "How many banknotes are circulating in France? [Quelle est la quantité de billets en circulation en France ?]," Eco Notepad 71, Banque de France.
    • Handle: RePEc:bfr:econot:71
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