Madagascar
$1.161 billion (31 December 2007)

Malawi
$361.5 million (31 December 2007)

Malaysia
$49.41 billion (31 December 2007)

Maldives
$344.1 million (31 December 2007)

Mali
$1.58 billion (31 December 2007)

Malta
$4.603 billion
note: see entry for the European Union for money supply in the Euro
Area; the European Central Bank (ECB) controls monetary policy for
the 15 members of the Economic and Monetary Union (EMU); individual
members of the EMU do not control the quantity of money and quasi
money circulating within their own borders (31 December 2007)

Mauritania
NA (31 December 2007)

Mauritius
$1.673 billion (31 December 2007)

Mexico
$103.5 billion (31 December 2007)

Micronesia, Federated States of
$22.45 million (31 December 2007)