The amount of Bermuda dollar notes and coin in circulation over the coming holiday period will be $139 million - a fall of 2.8 percent compared to last year's total of $143 million.

The total net amount of notes and coins issued to the banks by the Bermuda Monetary Authority between December 1 and December 23 was $17 million. This compares with a figure of $16.8 million during the same period last year.

Christmas is traditionally a period when the figure for notes and coin in circulation rises. This seasonal peak is normally reversed very quickly after the holiday.