Luxembourg
$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 16 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

Macau
$1.591 billion (31 December 2008)
$1.16 billion (31 December 2007)

Macedonia
$1.307 billion (31 December 2008)
$1.173 billion (31 December 2007)

Madagascar
$1.217 billion (31 December 2008)
$1.161 billion (31 December 2007)

Malawi
$NA (31 December 2008)
$361.5 million (31 December 2007)

Malaysia
$51.51 billion (31 December 2008)
$49.41 billion (31 December 2007)

Maldives
$475.2 million (31 December 2008)
$344.1 million (31 December 2007)

Mali
$NA (31 December 2008)
$1.58 billion (31 December 2007)

Malta
$4.639 billion (31 January 2008)
$4.603 billion (31 December 2007)
note: this figure represents the US dollar value of Maltese liri in
circulation prior to Malta joining the Economic and Monetary Union
(EMU); see entry for the European Union for money supply in the euro
area; the European Central Bank (ECB) controls monetary policy for
the 16 members of the EMU; individual members of the EMU do not
control the quantity of money and quasi money circulating within
their own borders

Mauritania
$NA (31 December 2008)