Extended custodial inventory (ECI)

Stocks of ECB cash managed by an ECB-authorized bank located outside the euro area. The purpose is to enable the immediate local supply of the European single currency. – See banknote management, banknote return rate, preclusive date. – Cf. ECB Annual Report 2007, p. 126 (stocks initially held in Hong Kong and Singapore).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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