Currency in circulation (CIC) is normally used in reference to «currency in hand» physical currency in circulation used to buy goods and services.

In the case of the US, there is more than $1.5 trillion physical USD in circulation at any given time while approximately 1.08 trillion euros are in circulation. Both numbers have increased over the years due to the demand from the international market; more than half of U.S. currency in circulation is found overseas. Japan’s CIC is close to 1 Trillion USD while China is purportedly overpassed the 1 Trillion USD mark.

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