Bundesbank’s external position stood at €909 billion at the end of March 2026, with claims from the TARGET2 payment system worth €1031 billion making up around 65 % of total assets. These are followed by international reserves, comprising gold and foreign exchange reserves, including the special drawing rights allocated by the International Monetary Fund (IMF), which account for a total of 27 % of assets. At 87 %, issuance of euro cash accounted for the bulk of liabilities. Deposits of non-euro area residents amount to 5 % of foreign liabilities.

All counterparties have two options for submitting credit claims and debtor data: the online procedure and the file-transfer procedure. There is also a backup procedure for both types of submission.

Erwartungen zur Gesamtinflation und zur HVPI-Kerninflation in der kürzeren Frist nach oben revidiert, in der längeren Frist jedoch unverändert. Erwartungen zum Wachstum des realen BIP für 2026 und 2027 nach unten revidiert, danach aber unverändert. Erwartungen zur Arbeitslosenquote blieben gleich.

Here you will find a compilation of special issues of the coin collection (available only in German).