Some 90 per cent of applications are for loans of up to € which are entirely guaranteed by the State. The potential loans to medium-sized and large enterprises guaranteed by SACE and currently being evaluated and processed by banks amount to around € billion.
First, although data on the use of cash in transactions is notoriously poor, the nominal value of per capita holdings of small-denomination bank notes--those used heavily in domestic commerce--is now growing very slowly, and the inflation-adjusted per capita value has recently declined somewhat.