Currency in circulation Subject: Economy Section: Monetary Policy Context: During the financial year so far, currency with the public has gone up by 9.7 per cent, or Rs 2.66 lakh crore, from Rs 27.51 lakh crore in March 2021. Cash with the public has shot up 285 per cent from a low of […]

    Currency in Circulation (CiC) Subject – Economy Context – CiC to GDP ratio remains high at 14.5% for FY21: Currency-in-circulation growth falls Concept – Cash-to-GDP Ratio or Currency in Circulation (CIC) to GDP Ratio or simply currency-to-GDP ratio shows the value of cash in circulation as a ratio of GDP. Currency in circulation […]