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TARGET2 was the real-time gross settlement (RTGS) system for the Eurozone from its phased introduction in 2007-2008 until its replacement with T2 in March 2023. As such, it was one of the Eurosystem's TARGET Services, replacing the original TARGET (Trans-European Automated Real-time Gross Settlement Express Transfer System) RTGS introduced in 1999.
In addition to euro area countries and those that would adopt the euro in subsequent years (namely Cyprus, Malta, Slovakia and the Baltic countries), Denmark and Poland participated in the migration to TARGET2, [7]: 99 whereas Sweden and the UK did not. [4]: 66, 79 On 4 July 2011, Romania also connected to TARGET2. [8]
That places TARGET2/T2 turnover below CLS and Fedwire but above BOJ-NET (Japan) and CHAPS (United Kingdom), as has been the case throughout the previous decade. [5]: 1.1 The system suffered no outages during 2023; 90 percent of transactions were settled within 38 seconds, whereas 0.09 percent took more than five minutes. [5]: 2
A country is a distinct part of the world, such as a state, nation, or other political entity. When referring to a specific polity, the term "country" may refer to a sovereign state, states with limited recognition, constituent country, or a dependent territory. Most sovereign states, but not all countries, are members of the United Nations ...
Even so, Stiell said the world has mobilized around $2 trillion in climate finance, money to support poorer countries' efforts to reduce emissions and adapt to climate impacts, from "nearly ...
Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money. Countries with high budget deficits (relative to their GDPs) generally have more difficulty raising funds to finance expenditures, than those with lower deficits." [12]
The following is a list providing an overview of sovereign states around the world with information on their status and recognition of their sovereignty. The 205 listed states can be divided into three categories based on membership within the United Nations System : 193 UN member states , [ 1 ] two UN General Assembly non-member observer ...
Statistical subregions as defined by the United Nations Statistics Division [1]. This is the list of countries and other inhabited territories of the world by total population, based on estimates published by the United Nations in the 2024 revision of World Population Prospects.