ECCB 2016/2017 Annual Report

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ECCB ANNUAL REPORT 2016/2017

papers and policy briefs. The Bank was of the view that the renaming of the series was fitting and a notable way to pay tribute to a colleague who departed this life too soon. Garfield died on 22 July 2015.

Chart II - Total Currency in Circulation

Deputy Governor, Mr Trevor Brathwaite and Economist, Mr Leon Bullen display the compilation of papers by Garfield T. Riley

Chart III - Currency in Circulation - Notes and Coins

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CURRENCY MANAGEMENT As at 31 March 2017, currency in circulation stood at $1,012.60 million compared with $967.46 million a year ago. This figure represents banknotes in the amount of $912.44 million (90.11 per cent), while coins in circulation amounted to $100.16 million (9.89 per cent). Although currency in circulation increased by 4.67 per cent over last year, the increase was 5.0 per cent less than the increase over the 2015/2016 period. The increase in currency in circulation was consistent with the increasing trend over the last five years.