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BERMUDA | RSS PODCAST

Cup Match money supply rises

The amount of Bermuda dollar notes and coins in circulation over the Cup Match holiday weekend will be higher than last year, despite the continued recession and lay-offs.

A total of $141.3 million will be on release during this period, up 2.9 percent from $137.2 million in 2009.

But the value of notes and coins issued to the banks by the Bermuda Monetary Authority between July 1 and July 28 (the traditional pre-Cup Match period) was down 21.5 percent at $7.3 million from the $9.3 million amount issued in Cup Match 2009.