Monetary & Currency Capability — National Capability Index

Band spread across 197 nations

Frontier 3

Advanced 19

Established 30

Transitional 29

Foundational 50

Nascent 51

Inception 15

197 nations, by capabilities

Best first on Monetary & Currency Capability. The group score is the unweighted mean of the capability integers beside it.

#	Nation	Region	Monetary & Currency Capability	Monetary Policy & Price Stability	Exchange Rate & External Account Management	Currency Issuance & Digital Money
1	🇺🇸United States	Americas	18.7Frontier	19	20	17
2	🇸🇬Singapore	Asia Pacific	18.0Frontier	17	19	18
3	🇨🇭Switzerland	Europe	18.0Frontier	18	19	17
4	🇯🇵Japan	Asia Pacific	17.7Advanced	18	18	17
5	🇬🇧United Kingdom	Europe	17.7Advanced	18	18	17
6	🇩🇪Germany	Europe	17.0Advanced	18	17	16
7	🇸🇪Sweden	Europe	17.0Advanced	17	17	17
8	🇨🇦Canada	Americas	16.7Advanced	17	17	16
9	🇫🇷France	Europe	16.7Advanced	17	17	16
10	🇳🇴Norway	Europe	16.7Advanced	17	17	16
11	🇦🇺Australia	Asia Pacific	16.3Advanced	17	16	16
12	🇰🇷South Korea	Asia Pacific	16.3Advanced	16	17	16
13	🇳🇱Netherlands	Europe	16.0Advanced	16	16	16
14	🇨🇳China	Asia Pacific	15.7Advanced	13	16	18
15	🇩🇰Denmark	Europe	15.7Advanced	16	16	15
16	🇹🇼Taiwan	Asia Pacific	15.7Advanced	16	16	15
17	🇫🇮Finland	Europe	15.3Advanced	16	15	15
18	🇳🇿New Zealand	Asia Pacific	15.3Advanced	17	15	14
19	🇦🇹Austria	Europe	15.0Advanced	15	15	15
20	🇧🇪Belgium	Europe	15.0Advanced	15	15	15
21	🇮🇳India	Asia Pacific	15.0Advanced	14	14	17
22	🇮🇱Israel	Middle East	15.0Advanced	15	16	14
23	🇱🇺Luxembourg	Europe	14.7Established	15	15	14
24	🇦🇪United Arab Emirates	Middle East	14.7Established	12	16	16
25	🇧🇷Brazil	Americas	14.3Established	13	13	17
26	🇲🇽Mexico	Americas	14.3Established	15	14	14
27	🇿🇦South Africa	Africa	14.3Established	15	14	14
28	🇪🇪Estonia	Europe	14.0Established	15	13	14
29	🇮🇪Ireland	Europe	14.0Established	15	14	13
30	🇮🇹Italy	Europe	14.0Established	14	14	14
31	🇲🇾Malaysia	Asia Pacific	14.0Established	14	14	14
32	🇸🇦Saudi Arabia	Middle East	14.0Established	12	16	14
33	🇪🇸Spain	Europe	14.0Established	14	14	14
34	🇹🇭Thailand	Asia Pacific	14.0Established	13	14	15
35	🇨🇱Chile	Americas	13.7Established	15	14	12
36	🇨🇿Czechia	Europe	13.7Established	14	14	13
37	🇱🇹Lithuania	Europe	13.7Established	14	13	14
38	🇵🇱Poland	Europe	13.7Established	13	14	14
39	🇵🇹Portugal	Europe	13.7Established	14	13	14
40	🇲🇹Malta	Europe	13.3Established	14	13	13
41	🇭🇷Croatia	Europe	13.0Established	14	13	12
42	🇬🇷Greece	Europe	12.7Established	14	12	12
43	🇮🇸Iceland	Europe	12.7Established	13	13	12
44	🇮🇩Indonesia	Asia Pacific	12.7Established	13	12	13
45	🇱🇻Latvia	Europe	12.7Established	14	12	12
46	🇵🇪Peru	Americas	12.7Established	14	13	11
47	🇶🇦Qatar	Middle East	12.7Established	12	14	12
48	🇸🇰Slovakia	Europe	12.7Established	13	13	12
49	🇸🇮Slovenia	Europe	12.7Established	13	13	12
50	🇨🇾Cyprus	Middle East	12.3Established	14	12	11
51	🇲🇺Mauritius	Africa	12.0Established	12	12	12
52	🇷🇺Russia	Europe	12.0Established	10	11	15
53	🇧🇬Bulgaria	Europe	11.7Transitional	12	12	11
54	🇨🇴Colombia	Americas	11.7Transitional	12	12	11
55	🇭🇺Hungary	Europe	11.7Transitional	11	12	12
56	🇵🇭Philippines	Asia Pacific	11.7Transitional	12	11	12
57	🇰🇼Kuwait	Middle East	11.3Transitional	10	13	11
58	🇷🇴Romania	Europe	11.3Transitional	11	12	11
59	🇺🇾Uruguay	Americas	11.3Transitional	12	12	10
60	🇨🇷Costa Rica	Americas	11.0Transitional	11	10	12
61	🇷🇸Serbia	Europe	11.0Transitional	11	11	11
62	🇻🇳Vietnam	Asia Pacific	11.0Transitional	10	11	12
63	🇲🇦Morocco	Africa	10.7Transitional	11	11	10
64	🇹🇷Türkiye	Middle East	10.7Transitional	9	10	13
65	🇧🇭Bahrain	Middle East	10.3Transitional	9	11	11
66	🇴🇲Oman	Middle East	10.3Transitional	10	11	10
67	🇧🇼Botswana	Africa	10.0Transitional	11	11	8
68	🇩🇴Dominican Republic	Americas	10.0Transitional	11	10	9
69	🇬🇪Georgia	Middle East	10.0Transitional	11	10	9
70	🇰🇿Kazakhstan	Asia Pacific	10.0Transitional	9	10	11
71	🇰🇪Kenya	Africa	10.0Transitional	9	8	13
72	🇧🇸Bahamas	Americas	9.7Transitional	8	10	11
73	🇯🇲Jamaica	Americas	9.7Transitional	11	9	9
74	🇯🇴Jordan	Middle East	9.7Transitional	10	10	9
75	🇳🇦Namibia	Africa	9.3Transitional	10	10	8
76	🇧🇳Brunei	Asia Pacific	9.0Transitional	8	11	8
77	🇲🇰North Macedonia	Europe	9.0Transitional	10	9	8
78	🇵🇾Paraguay	Americas	9.0Transitional	10	9	8
79	🇸🇳Senegal	Africa	9.0Transitional	10	9	8
80	🇹🇹Trinidad & Tobago	Americas	9.0Transitional	10	9	8
81	🇺🇦Ukraine	Europe	9.0Transitional	9	8	10
82	🇦🇱Albania	Europe	8.7Foundational	10	9	7
83	🇦🇲Armenia	Middle East	8.7Foundational	10	9	7
84	🇪🇬Egypt	Africa	8.7Foundational	7	9	10
85	🇬🇹Guatemala	Americas	8.7Foundational	9	10	7
86	🇳🇬Nigeria	Africa	8.7Foundational	7	8	11
87	🇰🇭Cambodia	Asia Pacific	8.3Foundational	7	7	11
88	🇸🇨Seychelles	Africa	8.3Foundational	9	9	7
89	🇱🇰Sri Lanka	Asia Pacific	8.3Foundational	8	7	10
90	🇹🇿Tanzania	Africa	8.3Foundational	8	7	10
91	🇦🇿Azerbaijan	Middle East	8.0Foundational	7	9	8
92	🇧🇩Bangladesh	Asia Pacific	8.0Foundational	7	8	9
93	🇧🇧Barbados	Americas	8.0Foundational	8	9	7
94	🇨🇮Côte d'Ivoire	Africa	8.0Foundational	9	8	7
95	🇬🇭Ghana	Africa	8.0Foundational	7	7	10
96	🇲🇩Moldova	Europe	8.0Foundational	8	8	8
97	🇺🇬Uganda	Africa	8.0Foundational	9	7	8
98	🇧🇦Bosnia & Herzegovina	Europe	7.7Foundational	8	8	7
99	🇵🇰Pakistan	Asia Pacific	7.7Foundational	7	7	9
100	🇷🇼Rwanda	Africa	7.7Foundational	8	6	9
101	🇹🇳Tunisia	Africa	7.7Foundational	8	8	7
102	🇦🇬Antigua & Barbuda	Americas	7.3Foundational	7	8	7
103	🇨🇻Cabo Verde	Africa	7.3Foundational	8	8	6
104	🇫🇯Fiji	Asia Pacific	7.3Foundational	8	8	6
105	🇲🇳Mongolia	Asia Pacific	7.3Foundational	7	7	8
106	🇳🇵Nepal	Asia Pacific	7.3Foundational	7	7	8
107	🇺🇿Uzbekistan	Asia Pacific	7.3Foundational	7	8	7
108	🇩🇿Algeria	Africa	7.0Foundational	7	8	6
109	🇭🇳Honduras	Americas	7.0Foundational	7	8	6
110	🇧🇿Belize	Americas	6.7Foundational	7	7	6
111	🇩🇲Dominica	Americas	6.7Foundational	7	7	6
112	🇬🇩Grenada	Americas	6.7Foundational	7	7	6
113	🇬🇾Guyana	Americas	6.7Foundational	7	7	6
114	🇰🇬Kyrgyzstan	Asia Pacific	6.7Foundational	7	6	7
115	🇲🇪Montenegro	Europe	6.7Foundational	6	8	6
116	🇵🇦Panama	Americas	6.7Foundational	4	11	5
117	🇹🇬Togo	Africa	6.7Foundational	8	6	6
118	🇿🇲Zambia	Africa	6.7Foundational	7	6	7
119	🇦🇴Angola	Africa	6.3Foundational	6	7	6
120	🇦🇷Argentina	Americas	6.3Foundational	5	5	9
121	🇧🇯Benin	Africa	6.3Foundational	7	6	6
122	🇧🇹Bhutan	Asia Pacific	6.3Foundational	6	7	6
123	🇨🇲Cameroon	Africa	6.3Foundational	7	6	6
124	🇪🇹Ethiopia	Africa	6.3Foundational	5	6	8
125	🇲🇻Maldives	Asia Pacific	6.3Foundational	6	6	7
126	🇰🇳Saint Kitts & Nevis	Americas	6.3Foundational	6	7	6
127	🇱🇨Saint Lucia	Americas	6.3Foundational	6	7	6
128	🇻🇨Saint Vincent & Grenadines	Americas	6.3Foundational	6	7	6
129	🇮🇷Iran	Asia Pacific	6.0Foundational	5	5	8
130	🇲🇨Monaco	Europe	6.0Foundational	3	8	7
131	🇳🇮Nicaragua	Americas	6.0Foundational	6	6	6
132	🇧🇾Belarus	Europe	5.7Nascent	4	6	7
133	🇧🇴Bolivia	Americas	5.7Nascent	5	6	6
134	🇸🇿Eswatini	Africa	5.7Nascent	5	6	6
135	🇬🇦Gabon	Africa	5.7Nascent	6	6	5
136	🇮🇶Iraq	Middle East	5.7Nascent	5	6	6
137	🇲🇬Madagascar	Africa	5.7Nascent	6	5	6
138	🇲🇱Mali	Africa	5.7Nascent	6	6	5
139	🇲🇿Mozambique	Africa	5.7Nascent	6	5	6
140	🇵🇬Papua New Guinea	Asia Pacific	5.7Nascent	6	5	6
141	🇸🇲San Marino	Europe	5.7Nascent	3	8	6
142	🇧🇫Burkina Faso	Africa	5.3Nascent	6	5	5
143	🇩🇯Djibouti	Africa	5.3Nascent	6	6	4
144	🇸🇻El Salvador	Americas	5.3Nascent	4	7	5
145	🇱🇸Lesotho	Africa	5.3Nascent	6	5	5
146	🇱🇮Liechtenstein	Europe	5.3Nascent	4	7	5
147	🇲🇷Mauritania	Africa	5.3Nascent	6	5	5
148	🇸🇱Sierra Leone	Africa	5.3Nascent	6	5	5
149	🇸🇧Solomon Islands	Asia Pacific	5.3Nascent	6	5	5
150	🇹🇯Tajikistan	Asia Pacific	5.3Nascent	6	5	5
151	🇦🇩Andorra	Europe	5.0Nascent	3	7	5
152	🇨🇬Congo	Africa	5.0Nascent	6	5	4
153	🇪🇨Ecuador	Americas	5.0Nascent	4	6	5
154	🇬🇲Gambia	Africa	5.0Nascent	5	5	5
155	🇲🇼Malawi	Africa	5.0Nascent	5	4	6
156	🇳🇪Niger	Africa	5.0Nascent	6	5	4
157	🇼🇸Samoa	Asia Pacific	5.0Nascent	5	5	5
158	🇸🇹São Tomé & Príncipe	Africa	5.0Nascent	5	5	5
159	🇸🇷Suriname	Americas	5.0Nascent	5	5	5
160	🇹🇴Tonga	Asia Pacific	5.0Nascent	5	5	5
161	🇬🇶Equatorial Guinea	Africa	4.7Nascent	5	5	4
162	🇱🇦Laos	Asia Pacific	4.7Nascent	4	5	5
163	🇻🇺Vanuatu	Asia Pacific	4.7Nascent	5	5	4
164	🇬🇳Guinea	Africa	4.3Nascent	4	5	4
165	🇽🇰Kosovo	Europe	4.3Nascent	4	5	4
166	🇰🇲Comoros	Africa	4.0Nascent	5	4	3
167	🇨🇩DR Congo	Africa	4.0Nascent	4	4	4
168	🇱🇷Liberia	Africa	4.0Nascent	4	4	4
169	🇲🇲Myanmar	Asia Pacific	4.0Nascent	3	4	5
170	🇧🇮Burundi	Africa	3.7Nascent	4	3	4
171	🇹🇩Chad	Africa	3.7Nascent	4	4	3
172	🇱🇾Libya	Africa	3.7Nascent	3	4	4
173	🇹🇱Timor-Leste	Asia Pacific	3.7Nascent	3	5	3
174	🇹🇲Turkmenistan	Asia Pacific	3.7Nascent	3	4	4
175	🇨🇫Central African Rep.	Africa	3.3Nascent	4	3	3
176	🇨🇺Cuba	Americas	3.3Nascent	3	3	4
177	🇬🇼Guinea-Bissau	Africa	3.3Nascent	3	4	3
178	🇱🇧Lebanon	Middle East	3.3Nascent	2	3	5
179	🇵🇼Palau	Asia Pacific	3.0Nascent	2	4	3
180	🇵🇸Palestine	Middle East	3.0Nascent	3	3	3
181	🇻🇪Venezuela	Americas	3.0Nascent	2	3	4
182	🇿🇼Zimbabwe	Africa	3.0Nascent	2	3	4
183	🇭🇹Haiti	Americas	2.7Inception	2	3	3
184	🇰🇮Kiribati	Asia Pacific	2.3Inception	2	3	2
185	🇲🇭Marshall Islands	Asia Pacific	2.3Inception	2	3	2
186	🇫🇲Micronesia	Asia Pacific	2.3Inception	2	3	2
187	🇸🇴Somalia	Africa	2.3Inception	2	2	3
188	🇸🇩Sudan	Africa	2.3Inception	2	2	3
189	🇹🇻Tuvalu	Asia Pacific	2.3Inception	2	3	2
190	🇦🇫Afghanistan	Asia Pacific	2.0Inception	2	2	2
191	🇪🇷Eritrea	Africa	2.0Inception	1	3	2
192	🇳🇷Nauru	Asia Pacific	2.0Inception	2	3	1
193	🇰🇵North Korea	Asia Pacific	2.0Inception	1	1	4
194	🇸🇸South Sudan	Africa	1.7Inception	1	2	2
195	🇸🇾Syria	Middle East	1.3Inception	1	1	2
196	🇾🇪Yemen	Middle East	1.3Inception	1	1	2
197	🇻🇦Holy See	Europe	1.0Inception	1	1	1