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Euro Deposits
9 Months Ended
Sep. 30, 2019
Cash And Cash Equivalents [Abstract]  
Euro Deposits

Note 4 – Euro Deposits

Euro principal deposits are held in a euro-denominated, interest-bearing demand account. The interest rate in effect as of September 30, 2019 was an annual nominal rate of -0.40%. For the nine months ended September 30, 2019, there were euro principal deposits of 176,189,533, euro principal redemptions of 219,334,306 and euro withdrawals (to pay expenses) of 1,301,938, resulting in an ending euro principal balance of 232,877,262. This equates to 253,882,760 USD (which includes USD subscriptions receivable). For the two months ended December 31, 2018, there were euro principal deposits of 90,835,045, euro principal redemptions of 33,462,989 and euro withdrawals (to pay expenses) of 297,496, resulting in an ending euro principal balance of 277,323,973. This equates to 317,022,841 USD (which includes USD redemptions payable).

Net interest, if any, associated with creation and redemption activity is held in a euro-denominated non-interest-bearing account, and any balance is distributed in full as part of the monthly income distributions, if any.