With regards to a particular
currencyIn economics, the term currency can refer either to a particular currency, for example the US dollar, or to the coins and banknotes of a particular currency, which comprise the physical aspects of a nation's money supply...
, circulation refers to the total wealth of that currency (whether banknotes,
coinsContextObjects in Spans, commonly abbreviated COinS, is a method of embedding latent OpenURL ContextObjects in the HTML code of Web pages. This allows client software to retrieve bibliographic metadata, e. g...
, or demand deposits) that is engaged in that currency's economy at a given time. Circulation can also refer to the metaphorical or literal movement of wealth due to transactions between the holders of a currency. The
euroThe euro is the official currency of 16 of the 27 Member States of the European Union . The states, known collectively as the Eurozone, are Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain...
, the official currency of the
European UnionThe European Union is an economic and political union of 27 Member States, located primarily in Europe. Committed to regional integration, the EU was established by the Treaty of Maastricht on 1 November 1993 upon the foundations of the pre-existing European Economic Community...
, is currently the currency with the highest combined value of cash circulation in the world.
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With regards to a particular
currencyIn economics, the term currency can refer either to a particular currency, for example the US dollar, or to the coins and banknotes of a particular currency, which comprise the physical aspects of a nation's money supply...
, circulation refers to the total wealth of that currency (whether banknotes,
coinsContextObjects in Spans, commonly abbreviated COinS, is a method of embedding latent OpenURL ContextObjects in the HTML code of Web pages. This allows client software to retrieve bibliographic metadata, e. g...
, or demand deposits) that is engaged in that currency's economy at a given time. Circulation can also refer to the metaphorical or literal movement of wealth due to transactions between the holders of a currency. The
euroThe euro is the official currency of 16 of the 27 Member States of the European Union . The states, known collectively as the Eurozone, are Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain...
, the official currency of the
European UnionThe European Union is an economic and political union of 27 Member States, located primarily in Europe. Committed to regional integration, the EU was established by the Treaty of Maastricht on 1 November 1993 upon the foundations of the pre-existing European Economic Community...
, is currently the currency with the highest combined value of cash circulation in the world.