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.

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The micro data from wave one and two are available for scientific research projects.

In order to make the SEPA migration more customer friendly, payment service providers may provide customers with conversion services for a transitional period up to 1 February 2016.

The International Monetary Fund (IMF) was conceived at the Bretton Woods Conference in 1944, and currently has 190 member countries. Germany joined the Fund in 1952. The overarching aim of the IMF is to promote economic policy cooperation and stability in the international monetary system. Its mandate also covers financial stability issues that have monetary implications.

“World events are keeping us on tenterhooks,” said Bundesbank President Joachim Nagel at a joint press conference with Federal Finance Minister Lars Klingbeil on the sidelines of the IMF/World Bank Spring Meetings, speaking about challenges facing the German economy and monetary policy. Nagel noted that the situation in the Middle East was, in many respects, a new test of hardship. 

Im Februar 2026 wies die Leistungsbilanz einen Überschuss von 25 Mrd. € auf (nach 40 Mrd. € im Vormonat). In den zwölf Monaten bis Februar 2026 verzeichnete die Leistungsbilanz einen Überschuss von 289 Mrd. € (1,8 % des Euroraum-BIP), verglichen mit einem Überschuss von 371 Mrd. € (2,4 % des Euroraum-BIP) im Zwölfmonatszeitraum davor.