Circulation ( currency ) - wikipedia Circulation ( currency ) Numismatics Currency Coins Banknotes Forgery List ISO Circulating currencies Africa The Americas Europe Asia Oceania Local currencies Company scrip LETS Time dollars Fictional currencies History Historical currencies Greek Roman China India Persian Tibetan Thai Filipino Malay Byzantine Medieval currencies Production Mint Designers Coining Milling Hammering Cast Exonumia Credit cards Medals Tokens Cheques Notaphily Banknotes Scripophily Stocks Bonds Terminology Numismatics portal In monetary economics, circulation is the continuing use of individual units of a currency for transactions. Thus currency in circulation is the total value of currency ( coins and paper currency ) that has ever been issued minus the amount that has been removed from the economy by the central bank. More broadly, money in circulation is the total money supply of a country, which can be defined in various ways always including currency and also including some types of bank deposits. Standard money is the basic currency circulating within a monetary system. It has legal recognition for prices and settlement. According to Karl Marx circulation is a process which is established by capital and formed from wealth. The amount of money in circulation varies according to a number of factors. For example, there is more demand at Christmas time when commercial activity is high. Notes and coins stored in warehouses are ordered by banks and sent to them so they may increase supply. Gold coins are the traditional kind of coin placed into circulation. Some coins enter circulation before a die defect in their design is discovered and they are removed. If a coin is in circulation for a short period of time it is more likely to be of interest to coin collectors. Contents 1 History 2 Total currency in circulation 3 See also 4 References History Main article : History of money The American colonies or states governments were able to circulate bills of credit. These state issued and backed money instruments were constitutionally prohibited. Total currency in circulation In 1990, total currency in circulation in the world passed one trillion USD. After 12 years, in 2002 this figure was two trillion USD, and in 2008 it had increased to four trillion USD. As of 31 December 2015, the Bank for International Settlements provides detailed statistics of the worth of banknotes and coins for 18 major currencies converted to billions of US dollars using the exchange rate at the end of the year. $1,424.92 United States $1,210.42 Euro area $856.55 Japan $250.80 India $117.05 Russia $103.09 United Kingdom $76.31 Switzerland $73.92 Korea $72.02 Mexico $58.78 Canada $57.75 Brazil $55.28 Australia $52.99 Saudi Arabia $47.98 Hong Kong SAR $36.06 Turkey $27.18 Singapore $8.59 Sweden $6.15 South Africa $4,535.84 Total China is not part of the calculation and may be over a trillion dollars today. That leaves over 160 countries not calculated. See also Numismatics portal Business and economics portal Business strike - coins intended for circulation ( as opposed to commemorative and bullion coins ) Coining Counterfeit money List of circulating currencies References Jump up ^ Peng, Xingyun ( 2015 ). Financial Theory : Perspectives from China. World Scientific. p. 12. ISBN 9781938134333. Retrieved 14 January 2017. Jump up ^ Marx, Karl ( 2007 ). Capital : A Critique of Political Economy - The Process of Capitalist Production. Cosimo, Inc. p. 386. ISBN 9781605200064. Retrieved 14 January 2017. Jump up ^ Welch, Patrick J. ; Gerry F. Welch ( 2016 ). Economics : Theory and Practice. John Wiley & Sons. p. 190. ISBN 1118949730. Retrieved 14 January 2017. Jump up ^ Solomon, Lewis D. ( 1996 ). Rethinking Our Centralized Monetary System : The Case for a System of Local Currencies. Greenwood Publishing Group. p. 101. ISBN 9780275953768. Retrieved 14 January 2017. Jump up ^ Mike Hewitt ( 25 June 2009 ). Fiat Currency in Circulation, How Much Money is There ?. The Market Oracle. Medium of exchange Commodity money Precious metals Salt ( Roman world ) Koku ( rice ) Shells Shekel ( barley ) Cocoa bean ( PreHispanic ) Rai stones ( Micronesia ) Manilla ( W. 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Simon Adam Smith Robert Solow Léon Walras more International organizations Asia - Pacific Economic Cooperation Economic Cooperation Organization European Free Trade Association International Monetary Fund Organisation for Economic Co-operation and Development World Bank World Trade Organization Index Lists Outline Publications Business and economics portal Retrieved from `` https://en.wikipedia.org/w/index.php?title=Circulation_(currency)&oldid=799802275 '' Categories : Currency Talk Contents About Wikipedia Edit links This page was last edited on 9 September 2017, at 23 : 09. Text is available under the Creative Commons Attribution - ShareAlike License ; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia ® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization. About Wikipedia

Question: how much cash is in circulation in canada
Answer: $58.78