The value (or number of units) of the banknotes and coins in circulation within an
economy. Money in physical form such as banknotes and coins. in circulation is included in the M1 monetary aggregate and com-
prises only the banknotes and coins in circulation outside the Monetary Financial
Institutions (MFI), as stated in the consolidated balance A piece of paper or substrate of 800 mm by 700 mm, on which banknotes are printed. The “sheet to sheet” printing technique is the most widely used in print- ing of banknotes, but the roller printi... More of the MFIs, which
means that the cash issued and held by the MFIs has been subtracted (“cash
reserves”). Cash in circulation does not include the balance of the central bank’s
own banknotes (as they have not been issued).