The Target2 balance in Germany amounted to approximately 861.48 billion euros as of December 2019. Target2 is an interbank payment system that allows for the real-time processing of cross-border transfers throughout the European Union. Target2 is one of the largest payment systems in the world. If an Austrian importer, for example, places an order with a company in Germany, payments to and from the accounts of the buyer and the seller are channeled via central banks. This would mean that the Austrian exporter's bank gets a credit with the Oesterreichische Nationalbank, which in turn has a claim on the ECB. The German importer's bank owes its local central bank, leaving the Deutsche Bundesbank with a debit at the ECB.
Target2 balances in selected Eurozone countries as of December 2019
(in billion euros)
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Deutsche Bundesbank. (March 10, 2020). Target2 balances in selected Eurozone countries as of December 2019 (in billion euros) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/254367/number-of-target2-payments-of-eurosystem-central-banks/
Deutsche Bundesbank. "Target2 balances in selected Eurozone countries as of December 2019 (in billion euros)." Chart. March 10, 2020. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/254367/number-of-target2-payments-of-eurosystem-central-banks/
Deutsche Bundesbank. (2020). Target2 balances in selected Eurozone countries as of December 2019 (in billion euros). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/254367/number-of-target2-payments-of-eurosystem-central-banks/
Deutsche Bundesbank. "Target2 Balances in Selected Eurozone Countries as of December 2019 (in Billion Euros)." Statista, Statista Inc., 10 Mar 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/254367/number-of-target2-payments-of-eurosystem-central-banks/
Deutsche Bundesbank, Target2 balances in selected Eurozone countries as of December 2019 (in billion euros) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/254367/number-of-target2-payments-of-eurosystem-central-banks/ (last visited November 10, 2024)
Target2 balances in selected Eurozone countries as of December 2019 (in billion euros) [Graph], Deutsche Bundesbank, March 10, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/254367/number-of-target2-payments-of-eurosystem-central-banks/
