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15

ECCB ANNUAL REPORT 2016/2017

papers and policy briefs. The Bank was of the view that

the renaming of the series was fitting and a notable

way to pay tribute to a colleague who departed this life

too soon. Garfield died on 22 July 2015.

Read full text of compilation

CURRENCY MANAGEMENT

As at 31 March 2017, currency in circulation stood

at $1,012.60 million compared with $967.46 million

a year ago. This figure represents banknotes in the

amount of $912.44 million (90.11 per cent), while

coins in circulation amounted to $100.16 million (9.89

per cent). Although currency in circulation increased

by 4.67 per cent over last year, the increase was 5.0 per

cent less than the increase over the 2015/2016 period.

The increase in currency in circulation was consistent

with the increasing trend over the last five years.

Deputy Governor, Mr Trevor Brathwaite and Economist, Mr Leon

Bullen display the compilation of papers by Garfield T. Riley

Chart II - Total Currency in Circulation

Chart III - Currency in Circulation - Notes and Coins