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!)
>>>>> Scroll down to view and make comments <<<<<<
Econintersect wants your comments,
data and opinion on the articles posted. As the internet is a
"war zone" of trolls, hackers and spammers - Econintersect must balance its
defences against ease of commenting. We have joined with Livefyre
to manage our comment streams.
To comment, using Livefyre just click the "Sign In" button at the top-left corner of
the comment box below. You can create a commenting account using your
favorite social network such as Twitter, Facebook, Google+, LinkedIn or
Open ID - or open a Livefyre account using your email address.
You can also comment using Facebook directly using he comment block below.
Print this page or create a PDF file of this page
The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.
Take a look at what is going on inside of Econintersect.com