Preguntas Agregados Monetarios - Preguntas Frecuentes Estadisticas
What are money and quasi-money?
Money is anything that members of a community are willing to accept as a means of payment for goods and services or as debt repayment.
A first definition of money comprises notes and coins, which is known as cash or currency. In economic terms, money is defined as: (i) store of value, i.e. a means of holding wealth; (ii) unit of measure, a pattern for denominating the prices of goods and services, providing a means for comparing values and preparing financial accounts; and (iii) means of payment, a means for acquiring goods and services without resorting to barter.
Quasi-money comprises payment instruments that are not completely liquid, such as time deposits, savings deposits and other deposits with less than a month’s term other than current accounts.
What is the monetary base?
The monetary base consists of the set of notes, coins and checks issued by the Central Bank of Chile and that are in the public's possession or as monetary reserves in banks and financial companies.
What do statistics on monetary aggregates measure, and how are they calculated?
Statistics on monetary aggregates measure money and the monetary base, current accounts and quasi-money, expressed in balance sheets, monthly averages and variations, in nominal, real and seasonally adjusted values. Their calculation is based on financial statement information provided directly by commercial banks, the Financial Market Commission, the Superintendence of Pensions and the Central Deposit of Securities.
For further details, the calculation methodology can be accessed at the following link: