Value of money supply M3 in Latvia 2016-2020
The statistic depicts the change in the money supply M3 in Latvia from January 2016 to March 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 15.9 billion euros as of March 2020.
