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FIELD LISTING :: STOCK OF NARROW MONEY Print
This entry, also known as "M1," comprises the total quantity of currency in circulation (notes and coins) plus demand deposits denominated in the national currency held by nonbank financial institutions, state and local governments, nonfinancial public enterprises, and the private sector of the economy, measured at a specific point in time. National currency units have been converted to US dollars at the closing exchange rate for the date of the information. Because of exchange rate movements, changes in money stocks measured in national currency units may vary significantly from those shown in US dollars, and caution is urged when making comparisons over time in US dollars. Narrow money consists of more liquid assets than broad money and the assets generally function as a "medium of exchange" for an economy.


Country Comparison to the World

CountrySTOCK OF NARROW MONEY
Afghanistan $6.644 billion (31 December 2014 est.)
$6.192 billion (31 December 2013 est.)
Albania $3.508 billion (31 December 2016 est.)
$3.095 billion (31 December 2015 est.)
Algeria $91.41 billion (31 December 2016 est.)
$86.43 billion (31 December 2015 est.)
Angola $24.57 billion (31 December 2016 est.)
$25.27 billion (31 December 2015 est.)
Anguilla $28.38 million (31 December 2016 est.)
$25.98 million (31 December 2015 est.)
Antigua and Barbuda $275.9 million (31 December 2016 est.)
$257.1 million (31 December 2015 est.)
Argentina $54.2 billion (31 December 2016 est.)
$52.3 billion (31 December 2015 est.)
Armenia $1.178 billion (31 December 2016 est.)
$1.149 billion (31 December 2015 est.)
Aruba $1.151 billion (31 December 2015 est.)
$990.2 million (31 December 2014 est.)
Australia $245.3 billion (31 December 2016 est.)
$223.2 billion (31 December 2015 est.)
Austria $203.1 billion (31 December 2016 est.)
$193.9 billion (31 December 2015 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Azerbaijan $4.194 billion (31 December 2016 est.)
$5.612 billion (31 December 2015 est.)
Bahamas, The $2.061 billion (31 December 2016 est.)
$2.051 billion (31 December 2015 est.)
Bahrain $8.971 billion (31 December 2016 est.)
$8.762 billion (31 December 2015 est.)
Bangladesh $25.28 billion (31 December 2016 est.)
$21.44 billion (31 December 2015 est.)
Barbados $1.888 billion (31 December 2016 est.)
$1.831 billion (31 December 2015 est.)
Belarus $2.232 billion (31 December 2016 est.)
$2.301 billion (31 December 2015 est.)
Belgium $193 billion (31 December 2016 est.)
$181.5 billion (31 December 2015 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Belize $765.5 million (31 December 2016 est.)
$764.3 million (31 December 2015 est.)
Benin $2.215 billion (31 December 2016 est.)
$2.172 billion (31 December 2015 est.)
Bermuda $3.374 billion (30 September 2014 est.)
$3.422 billion (31 December 2013 est.)
note: figures do not include US dollars, which also circulate freely
Bhutan $710.3 million (31 December 2016 est.)
$669.9 million (31 December 2015 est.)
Bolivia $10.22 billion (31 December 2016 est.)
$10.26 billion (31 December 2015 est.)
Bosnia and Herzegovina $5.008 billion (31 December 2016 est.)
$4.554 billion (31 December 2015 est.)
Botswana $1.365 billion (31 December 2016 est.)
$1.223 billion (31 December 2015 est.)
Brazil $107 billion (31 December 2016 est.)
$85.64 billion (31 December 2015 est.)
Brunei $3.467 billion (31 December 2016 est.)
$3.31 billion (31 December 2015 est.)
Bulgaria $21.95 billion (31 December 2016 est.)
$20.09 billion (31 December 2015 est.)
Burkina Faso $2.348 billion (31 December 2016 est.)
$2.124 billion (31 December 2015 est.)
Burma $18.37 billion (31 December 2016 est.)
$13.8 billion (31 December 2015 est.)
Burundi $364.9 million (31 December 2016 est.)
$397.7 million (31 December 2015 est.)
Cabo Verde $576.8 million (31 December 2016 est.)
$557.5 million (31 December 2015 est.)
Cambodia $1.785 billion (31 December 2016 est.)
$1.602 billion (31 December 2015 est.)
Cameroon $3.973 billion (31 December 2016 est.)
$3.691 billion (31 December 2015 est.)
Canada $635.5 billion (31 December 2016 est.)
$568.8 billion (31 December 2015 est.)
Cayman Islands $334.3 million (31 December 2008)
Central African Republic $392.7 million (31 December 2016 est.)
$340.9 million (31 December 2015 est.)
Chad $1.741 billion (31 December 2016 est.)
$1.604 billion (31 December 2015 est.)
Chile $45.71 billion (31 December 2016 est.)
$39.88 billion (31 December 2015 est.)
China $7.015 trillion (31 December 2016 est.)
$6.175 trillion (31 December 2015 est.)
Colombia $38.29 billion (31 December 2016 est.)
$34.43 billion (31 December 2015 est.)
Comoros $201.8 million (31 December 2016 est.)
$169 million (31 December 2015 est.)
Congo, Democratic Republic of the $1.212 billion (31 December 2016 est.)
$1.213 billion (31 December 2015 est.)
Congo, Republic of the $3.274 billion (31 December 2016 est.)
$3.131 billion (31 December 2015 est.)
Cook Islands $38.99 million (31 December 2011 est.)
$38.99 million (31 December 2011 est.)
Costa Rica $5.946 billion (31 December 2016 est.)
$5.273 billion (31 December 2015 est.)
Cote d'Ivoire $9.416 billion (31 December 2016 est.)
$8.516 billion (31 December 2015 est.)
Croatia $10.85 billion (31 December 2016 est.)
$10.11 billion (31 December 2015 est.)
Cuba $19.95 billion (31 December 2016 est.)
$18.91 billion (2015 est.)
Cyprus $3.975 billion (31 December 2016 est.)
$4.031 billion (31 December 2015 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Czechia $137.9 billion (31 December 2016 est.)
$124.9 billion (31 December 2015 est.)
Denmark $148.1 billion (31 December 2016 est.)
$151.9 billion (31 December 2015 est.)
Djibouti $1.207 billion (31 December 2016 est.)
$1.182 billion (31 December 2015 est.)
Dominica $114.6 million (31 December 2016 est.)
$96.59 million (31 December 2015 est.)
Dominican Republic $6.536 billion (31 December 2016 est.)
$5.986 billion (31 December 2015 est.)
Ecuador $20.79 billion (30 September 2016 est.)
$19.04 billion (31 December 2015 est.)
Egypt $55.96 billion (31 December 2016 est.)
$66.49 billion (31 December 2015 est.)
El Salvador $3.129 billion (31 December 2016 est.)
$3.253 billion (31 December 2015 est.)
Equatorial Guinea $1.445 billion (31 December 2016 est.)
$1.888 billion (31 December 2015 est.)
Eritrea $2.709 billion (31 December 2016 est.)
$2.386 billion (31 December 2015 est.)
Estonia $12.85 billion (31 December 2016 est.)
$10.96 billion (31 December 2015 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Ethiopia $14.43 billion (31 December 2016 est.)
$11.97 billion (31 December 2015 est.)
European Union $6.613 trillion (31 December 2015 est.)
$5.947 trillion (31 December 2014 est.)
note: this is the quantity of money, M1, for the euro area, converted into US dollars at the exchange rate for the date indicated; it excludes the stock of money carried by non-euro-area members of the European Union, e.g., UK pounds, Danish kroner, and Czech koruny
Fiji $2.083 billion (31 December 2016 est.)
$1.931 billion (31 December 2015 est.)
Finland $130.2 billion (31 December 2016 est.)
$123.7 billion (31 December 2015 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
France $1.144 trillion (31 December 2016 est.)
$1.079 trillion (31 December 2015 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Gabon $2.314 billion (31 December 2016 est.)
$2.251 billion (31 December 2015 est.)
Gambia, The $236.9 million (31 December 2016 est.)
$275.4 million (31 December 2015 est.)
Gaza Strip see entry for the West Bank
Georgia $2.165 billion (31 December 2016 est.)
$2.063 billion (31 December 2015 est.)
Germany $2.049 trillion (31 December 2016 est.)
$1.923 trillion (31 December 2015 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Ghana $5.914 billion (31 December 2016 est.)
$5.736 billion (31 December 2015 est.)
Greece $85.68 billion (31 December 2016 est.)
$86.69 billion (31 December 2015 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Grenada $209.4 million (31 December 2016 est.)
$201.1 million (31 December 2015 est.)
Guatemala $10.95 billion (31 December 2016 est.)
$10.05 billion (31 December 2015 est.)
Guinea-Bissau $537.2 million (31 December 2016 est.)
$454.8 million (31 December 2015 est.)
Guinea $1.701 billion (31 December 2016 est.)
$1.658 billion (31 December 2015 est.)
Guyana $677.9 million (31 December 2016 est.)
$631 million (31 December 2015 est.)
Haiti $988.3 million (31 December 2016 est.)
$1.073 billion (31 December 2015 est.)
Honduras $2.51 billion (31 December 2016 est.)
$2.326 billion (31 December 2015 est.)
Hong Kong $270.6 billion (31 December 2016 est.)
$254.3 billion (31 December 2015 est.)
Hungary $48.2 billion (31 December 2016 est.)
$46.14 billion (31 December 2015 est.)
Iceland $3.327 billion (31 December 2016 est.)
$3.314 billion (31 December 2015 est.)
India $385.9 billion (31 December 2016 est.)
$370.5 billion (31 December 2015 est.)
Indonesia $86.1 billion (31 December 2016 est.)
$78.1 billion (31 December 2015 est.)
Iran $40.23 billion (31 December 2016 est.)
$38.44 billion (31 December 2015 est.)
Iraq $54.53 billion (31 December 2016 est.)
$55.36 billion (31 December 2015 est.)
Ireland $144.3 billion (31 December 2016 est.)
$146.7 billion (31 December 2015 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Israel $73.05 billion (31 December 2016 est.)
$63.41 billion (31 December 2015 est.)
Italy $1.069 trillion (31 December 2016 est.)
$1.026 trillion (31 December 2015 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Jamaica $3.567 billion (31 December 2016 est.)
$3.542 billion (31 December 2015 est.)
Japan $6.314 trillion (31 December 2016 est.)
$5.131 trillion (31 December 2015 est.)
Jordan $14.68 billion (31 December 2016 est.)
$13.92 billion (31 December 2015 est.)
Kazakhstan $13.45 billion (31 December 2016 est.)
$8.933 billion (31 December 2015 est.)
Kenya $11.07 billion (31 December 2016 est.)
$9.927 billion (31 December 2015 est.)
Korea, South $658.7 billion (31 December 2016 est.)
$604.2 billion (31 December 2015 est.)
Kuwait $31.54 billion (31 December 2016 est.)
$30.95 billion (31 December 2015 est.)
Kyrgyzstan $1.179 billion (31 December 2016 est.)
$928.2 million (31 December 2015 est.)
Laos $1.161 billion (31 December 2016 est.)
$1.132 billion (31 December 2015 est.)
Latvia $11.66 billion (31 December 2016 est.)
$10.3 billion (31 December 2015 est.)
Lebanon $6.466 billion (31 December 2016 est.)
$5.998 billion (31 December 2015 est.)
Lesotho $342.3 million (31 December 2016 est.)
$340.6 million (31 December 2015 est.)
Liberia $398.4 million (30 November 2016 est.)
$463.7 million (31 December 2015 est.)
Libya $46.7 billion (31 December 2016 est.)
$51.23 billion (31 December 2015 est.)
Lithuania $21.38 billion (31 December 2016 est.)
$19.4 billion (31 December 2015 est.)
Luxembourg $232.6 billion (31 December 2016 est.)
$218.4 billion (31 December 2015 est.)
note: see entry for the EU for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Macau $6.96 billion (31 December 2016 est.)
$7.623 billion (31 December 2015 est.)
Macedonia $2 billion (31 December 2016 est.)
$1.825 billion (31 December 2015 est.)
Madagascar $1.078 billion (31 December 2016 est.)
$960 million (31 December 2015 est.)
Malawi $550.8 million (31 December 2016 est.)
$512.3 million (31 December 2015 est.)
Malaysia $91.28 billion (31 December 2016 est.)
$83.97 billion (31 December 2015 est.)
Maldives $338.5 million (31 December 2015 est.)
$623 million (31 December 2013 est.)
Mali $2.755 billion (31 December 2016 est.)
$2.573 billion (31 December 2015 est.)
Malta $14.1 billion (31 December 2016 est.)
$11.82 billion (31 December 2015 est.)
note: see entry for the EU for money supply for the entire euro area; the European Central Bank controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Mauritius $2.743 billion (31 December 2016 est.)
$2.547 billion (31 December 2015 est.)
Mexico $192.3 billion (31 December 2016 est.)
$194.8 billion (31 December 2015 est.)
Micronesia, Federated States of $196 million (31 December 2013 est.)
Moldova $1.41 billion (31 December 2016 est.)
$1.188 billion (31 December 2015 est.)
Mongolia $935 million (31 December 2016 est.)
$844.4 million (31 December 2015 est.)
Montenegro $749 million (31 December 2011 est.)
$783.3 million (31 December 2010 est.)
Montserrat $18.91 million (31 December 2016 est.)
$17.64 million (31 December 2015 est.)
Morocco $76.06 billion (31 December 2016 est.)
$71.58 billion (31 December 2015 est.)
Mozambique $3.961 billion (31 December 2016 est.)
$4.758 billion (31 December 2015 est.)
Namibia $2.507 billion (31 December 2016 est.)
$2.583 billion (31 December 2015 est.)
Nepal $5.051 billion (30 October 2016 est.)
$4.348 billion (30 October 2015 est.)
Netherlands $498.3 billion (31 December 2016 est.)
$475.2 billion (31 December 2015 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
New Zealand $34.99 billion (31 December 2016 est.)
$31.58 billion (31 December 2015 est.)
Nicaragua $1.228 billion (31 December 2016 est.)
$1.093 billion (31 December 2015 est.)
Nigeria $33.51 billion (31 December 2016 est.)
$43.62 billion (31 December 2015 est.)
Niger $1.553 billion (31 December 2016 est.)
$1.508 billion (31 December 2015 est.)
Norway $206.1 billion (31 December 2016 est.)
$200.3 billion (31 December 2015 est.)
Oman $14.24 billion (31 December 2016 est.)
$13.96 billion (31 December 2015 est.)
Pakistan $100.2 billion (31 December 2016 est.)
$89.3 billion (31 December 2015 est.)
Panama $8.845 billion (31 December 2016 est.)
$8.215 billion (31 December 2015 est.)
Papua New Guinea $5.282 billion (31 December 2016 est.)
$4.936 billion (31 December 2015 est.)
Paraguay $4.39 billion (31 December 2016 est.)
$3.974 billion (31 December 2015 est.)
Peru $32.72 billion (31 December 2016 est.)
$29.86 billion (31 December 2015 est.)
Philippines $61.74 billion (31 December 2016 est.)
$56.69 billion (31 December 2015 est.)
Poland $186.6 billion (31 December 2016 est.)
$177.4 billion (31 December 2015 est.)
Portugal $87.6 billion (31 December 2016 est.)
$72.29 billion (31 December 2015 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Qatar $34.45 billion (31 December 2016 est.)
$34.87 billion (31 December 2015 est.)
Romania $30.67 billion (31 December 2016 est.)
$36.06 billion (31 December 2015 est.)
Russia $199.7 billion (31 December 2016 est.)
$151.5 billion (31 December 2015 est.)
Rwanda $957.3 million (31 December 2016 est.)
$1.013 billion (31 December 2015 est.)
Saint Kitts and Nevis $250.4 million (31 December 2016 est.)
$231.2 million (31 December 2015 est.)
Saint Lucia $287.3 million (31 December 2016 est.)
$284.8 million (31 December 2015 est.)
Saint Vincent and the Grenadines $167.9 million (31 December 2016 est.)
$162.2 million (31 December 2015 est.)
Samoa $129.6 million (31 December 2016 est.)
$116.5 million (31 December 2015 est.)
San Marino $NA
$1.326 billion (31 December 2007)
Sao Tome and Principe $71.57 million (31 December 2016 est.)
$63.82 million (31 December 2015 est.)
Saudi Arabia $295.5 billion (31 December 2016 est.)
$305.5 billion (31 December 2015 est.)
Senegal $4.759 billion (31 December 2016 est.)
$4.264 billion (31 December 2015 est.)
Serbia $5.195 billion (31 December 2016 est.)
$4.486 billion (31 December 2015 est.)
Seychelles $546.4 million (31 December 2016 est.)
$492.7 million (31 December 2015 est.)
Sierra Leone $444 million (31 December 2016 est.)
$458.4 million (31 December 2015 est.)
Singapore $115.1 billion (31 December 2016 est.)
$113.5 billion (31 December 2015 est.)
Slovakia $42.43 billion (31 December 2016 est.)
$43 billion (31 December 2015 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Slovenia $17.27 billion (31 December 2016 est.)
$14.52 billion (31 December 2015 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Solomon Islands $445.1 million (31 December 2016 est.)
$405.7 million (31 December 2015 est.)
South Africa $99.49 billion (31 December 2016 est.)
$91.72 billion (31 December 2015 est.)
South Sudan $1.873 billion (31 December 2013)
$2.032 billion (31 December 2012)
Spain $827.3 billion (31 December 2016 est.)
$745 billion (31 December 2015 est.)
note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
Sri Lanka $5.521 billion (31 December 2016 est.)
$4.963 billion (31 December 2015 est.)
Sudan $9.711 billion (31 December 2016 est.)
$9.511 billion (31 December 2015 est.)
Suriname $882.2 million (31 December 2016 est.)
$1.231 billion (31 December 2015 est.)
Swaziland $440.6 million (31 December 2016 est.)
$365 million (31 December 2015 est.)
Sweden $278.7 billion (31 December 2016 est.)
$255.7 billion (31 December 2015 est.)
Switzerland $504.9 billion (31 December 2016 est.)
$508.2 billion (31 December 2015 est.)
Syria $3.017 billion (31 December 2016 est.)
$5.254 billion (31 December 2015 est.)
Taiwan $503.5 billion (31 December 2016 est.)
$473.5 billion (31 December 2015 est.)
Tajikistan $653.3 million (31 December 2016 est.)
$773 million (31 December 2015 est.)
Tanzania $4.957 billion (31 December 2016 est.)
$4.457 billion (31 December 2015 est.)
Thailand $50.36 billion (31 December 2016 est.)
$49.27 billion (31 December 2015 est.)
Timor-Leste $456.9 million (31 December 2016 est.)
$397.7 million (31 December 2015 est.)
Togo $1.315 billion (31 December 2016 est.)
$1.14 billion (31 December 2015 est.)
Tonga $115.6 million (31 December 2016 est.)
$101.8 million (31 December 2015 est.)
Trinidad and Tobago $6.805 billion (31 December 2016 est.)
$7.241 billion (31 December 2015 est.)
Tunisia $12.16 billion (31 December 2016 est.)
$12.61 billion (31 December 2015 est.)
Turkey $119.4 billion (31 December 2016 est.)
$107.1 billion (31 December 2015 est.)
Turkmenistan $1.326 billion (31 December 2015 est.)
$1.255 billion (31 December 2014 est.)
Uganda $2.046 billion (31 December 2016 est.)
$2.043 billion (31 December 2015 est.)
Ukraine $19.81 billion (31 December 2016 est.)
$19.68 billion (31 December 2015 est.)
United Arab Emirates $129.4 billion (31 December 2016 est.)
$124.4 billion (31 December 2015 est.)
United Kingdom $95.88 billion (31 December 2016 est.)
$106.7 billion (31 December 2015 est.)
United States $3.311 trillion (31 December 2016 est.)
$3.022 trillion (31 December 2015 est.)
Uruguay $4.121 billion (31 December 2016 est.)
$4.022 billion (31 December 2015 est.)
Uzbekistan $7.52 billion (31 December 2016 est.)
$7.162 billion (31 December 2015 est.)
Vanuatu $375.9 million (31 December 2016 est.)
$320.9 million (31 December 2015 est.)
Venezuela $216.1 billion (31 December 2016 est.)
$273.8 billion (31 December 2015 est.)
Vietnam $74.94 billion (31 December 2016 est.)
$62.92 billion (31 December 2015 est.)
West Bank $317.7 million (31 December 2016 est.)
$265.5 million (31 December 2015 est.)
World $30.97 trillion (31 December 2016 est.)
$27.91 trillion (31 December 2015 est.)
Yemen $3.31 billion (31 December 2016 est.)
$4.993 billion (31 December 2015 est.)
Zambia $1.328 billion (31 December 2016 est.)
$1.288 billion (31 December 2015 est.)
Zimbabwe $2.13 billion (31 December 2016 est.)
$2.112 billion (31 December 2015 est.)
note: Zimbabwe's central bank no longer publishes data on monetary aggregates, except for bank deposits, which amounted to $2.1 billion in November 2010; the Zimbabwe dollar stopped circulating in early 2009; since then, the US dollar and South African rand have been the most frequently used currencies; there are no reliable estimates of the amount of foreign currency circulating in Zimbabwe