Monthly money supply (M3) in Norway 2018-2023
The money supply (M3) in Norway increased significantly between July 2018 and May 2023. As of May 2023, the money supply in Norway stood at more than 3.15 trillion Norwegian kronor.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.
