Moldova
$965 million (31 December 2007)

Mongolia
$504.7 million (31 December 2007)

Montenegro
$1.172 billion (31 December 2007)

Montserrat
$17.9 million (31 December 2007)

Morocco
$67.42 billion (31 December 2007)

Mozambique
$1.261 billion (31 December 2007)

Namibia
$2.149 billion (31 December 2007)

Nepal
$2.184 billion (31 December 2007)

Netherlands
NA
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

Netherlands Antilles
$1.133 billion (31 December 2007)