Cash in circulation over holiday shrinks 6.7% – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

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Cash in circulation over holiday shrinks 6.7%

The amount of Bermuda dollar cash in circulation over the coming holiday weekend will be $129.7 million - a decrease of 6.7 percent compared to last year's total of $139 million.

This is the second successive Christmas that the figure has fallen, following 2009's 2.8 percent decrease.

And the $8.6 million in Bermuda dollar notes and coins issued by the Bermuda Monetary Authority (BMA) to banks between December 1 and 23 was just over half the 2009 figure of $17 million.

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

Shrinkage: There are fewer Bermuda dollars in circulation this Christmas

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Published December 24, 2010 at 1:00 am (Updated December 24, 2010 at 6:49 am)

Cash in circulation over holiday shrinks 6.7%

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