Ratio between the number of banknotes per Each individual value in a series of banknotes or coins. More that return to a central bank, during a certain period, and the average number of banknotes in circulation during the same period. It is one of the indicators used in the management and analysis of The value (or number of units) of the banknotes and coins in circulation within an economy. Cash in circulation is included in the M1 monetary aggregate and comprises only the banknotes and coins in circulation outside the Monetary Financial Institutions (MFI), as stated in the consolidated balance sheet 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 banknot... More.