Growth of Global Currency in Circulation

Year over year growth of global currencies in circulation was just under ten percent from June 2009 to June 2010. This essay investigates which currencies are contributing the most to this development. One hundred and thirty-five currencies from 131 sovereign nations and five monetary unions (including 36 more nations) have been examined.

Four currencies (EUR, USD, JPY and CNY) comprise nearly 75% of all circulating banknotes and coins within the public domain. The following pie chart shows the relative value of global currencies (M0) when converted to USD for means of comparison.

Growth of Currency in Circulation

The fastest growing currencies significantly contributing to the growth of global currency in circulation are as follows:

The following graph shows the growth of M0 for currencies analysed in this essay from 1971.

Compiled official global money supply data for currency in circulation and other monetary measures are available at www.DollarDaze.org.

Mike Hewitt

Editor

DollarDaze.org

Also by Mike Hewitt

Mike Hewitt is the editor of www.DollarDaze.org, a website pertaining to commentary on the instability of the global fiat monetary system and investment strategies on mining companies.

Disclaimer: The opinions expressed above are not intended to be taken as investment advice. It is to be taken as opinion only and I encourage you to complete your own due diligence when making an investment decision.

© 2007 DollarDaze