allowing for T2 to settle transactions in Danish krones as well as euros.

Statistics

In the course of 2023, TARGET2 (until 20 March) and T2 (after that date) settled 104 million transactions for a total turnover of EUR559 trillion, with daily turnover fluctuating between EUR1.4 trillion (29 May) and EUR4.7 trillion (20 March). That places TARGET2/T2 turnover below CLS and Fedwire but above BOJ-NET

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