The official currency of Italy is the Euro. Euro Exchange Rate - EUR/USD - Italy - values, historical data, forecasts and news - updated on March of 2025.

Graph and download economic data for Exchange Rates (Value of Foreign Currency Relative to U.S. Dollar) in Italy (DISCONTINUED) (ITAFXUS) from 1950 to 2011 about Italy, exchange rate, currency, rate, and USA.

The statistic depicts the change in the money supply M2 in Italy from January 2016 to May 2020. The "intermediate money" is the sum of M1 (currency in circulation and overnight deposits), deposits with maturity of maximum two years and deposits redeemable at notice of maximum three months. The value of money supply M2 in Italy amounted to approximately 1.7 trillion euros as of May 2020.

The value of ATM cash withdrawals in Italy grew between 2014 and 2023, despite some fluctuations. In 2014, 178.43 billion euros of cash was withdrawn from ATMs in the country. In 2023, it amounted to 201.96 billion euros.

Forecast: Share of E-money Payments Broken Down by Value in Italy 2024 - 2028 Discover more data with ReportLinker!

The statistic shows the development of the money supply M1 in Italy from June 2017 to May 2020. The money supply is the amount of monetary assets available in an economy. M1, called the "narrow money", includes currency in circulation* (banknotes and coins) and overnight deposits. It depicts the value of the most liquid components of the money supply. The value of money supply M1 in Italy amounted to approximately 1.32 trillion euros as of May 2020.

Forecast: Value of E-money Payments in Italy 2024 - 2028 Discover more data with ReportLinker!

The statistic depicts the change in the money supply M3 in Italy from June 2017 to May 2020. The money supply is the amount of monetary assets available in an economy. 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. The value of money supply M3 amounted to approximately 1.71 trillion euros as of May.

Debit card purchases in Italy averaged roughly 48 euros, or nearly 57 dollars, in 2021 - a value that was slightly less than in previous years. This is according to estimates based on the overall value of debit card transactions against the number of transactions within the country. These numbers have only been reported on an annual basis. A declining figure may indicate that consumers use this payment method more often for smaller purchases.

Credit card purchases in Italy averaged roughly 62 euros, or nearly 73 dollars, in 2021 - a value that was lower than in previous years. This is according to estimates based on the overall value of credit card transactions against the number of transactions within the country. These numbers have only been reported on an annual basis. Notable for Italy is the continued decline of credit card transaction sizes, unlike other countries in Europe.

The value of overall card payments in Italy grew by 38 billion euros between 2022 and 2023. In 2023, approximately 353 billion euros worth of card payments were carried out in Italy. Debit cards on the rise While the number of credit cards fluctuated in the last few years in Italy, debit cards appear to have increased in popularity. In fact, after reaching an all-time low in 2014, the number of active credit cards in Italy grew in the following years, surpassing in 2019 the previous peak recorded in 2010. On the other hand, the number of active debit cards in the country increased steadily over the same period, reaching over 57 million in 2019. Payment cards in Europe Despite not being able to imagine life without cash, Italians recorded the second highest number of payment cards in the European Union, according to data published by the European Central Bank. The ranking shows that there is a total of approximately 85 million payment cards in Italy. Only Germany recorded a higher figure: the country topped the list with 147 million.

In 2021, the value of credit card transactions in Italy reached over 84 billion euros - an sizable increase when compared to 2020. A glance at the graph reveals the increasing popularity of this payment method up until COVID-19: throughout the period considered, the value of credit card transactions in the country grew nearly twofold. In fact, the value of such transactions registered in 2012 amounted to approximately 49.6 billion euros.