Currency in Circulation
/ˈkɜːrənsi ɪn ˈsɜːrkjʊˈleɪʃən/
Definitions
- (n.) The total amount of physical money—coins and banknotes—issued by a sovereign authority that is actively used by the public for transactions and is not held within the central bank's reserves.
The central bank monitors currency in circulation to gauge liquidity in the economy.
Forms
- currency in circulation
Related terms
See also
Commentary
In legal and financial contexts, 'currency in circulation' specifically excludes money held by the issuing authority, focusing on what is publicly available for economic exchange.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.