Notes and coins At the end of 2014, the total value of banknotes in circulation was $342.2 billion, an increase of 3.9% from a year earlier (Charts 5, 6 and 7). the total value of government-issued notes and coins in circulation amounted to $10.9 billion, up 4.4% (Charts 8 and 9). the value of the government-issued $10 notes in circulation reached $3.9 billion, of which 77% are polymer notes.
Which means that about one billionth part of the outstanding circulation of government-issued notes from Hong Kong is on my desktop. I don't plan to return it to circulation, so I hope that the deflationary drag is not a problem. I am afraid that HKMA can't get back their note under any circumstances - I don't plan to go and they probably won't come to Berlin. And so the hoard grows... (next year's macro students will have one more note to look at: a city government-issued bank note - made out of polymer! How does that compare to the Disney Dollar that I will have presented before? Money can be so interesting!)
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