continues to increase.

Latest figures from the Bermuda Monetary Authority show that Bermudians and banks have more money in their hands than last year.

According to the BMA's general manager Malcolm Williams the increase is a sign of a healthy economy.

"The money supply is a good reflection of the economy and the increase is indicative of a healthy economy,'' said Mr. Williams.

Generally the amount of Bermuda dollars notes and coins in circulation traditionally peaks at Christmas and Cup Match.

As of yesterday the total amount of Bermuda dollars and coins in the banks or in people's pockets was $67,522,867 -- an increase of $3,748,968 or 5.9 percent -- over last year.

Between November 30 and yesterday the BMA also issued $7,381,727 in Bermuda dollars -- an amount in line with the previous six years.

Mr. Williams added: "Traditionally there is always an increase in the amount of currency that banks ask for to meet demand at Christmas. The increase this year was in line with other years.'' He said the 5.9 percent increase in the amount of money in circulation was about three percent above the rate of inflation.

"It reflects an on-going confidence in the economy. It is a pleasing figure and one that matches the very positive balance of payments position which continues to be in a healthy surplus.''