• ISSN: 2010-023X
    • Frequency: Bimonthly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Executive Editor: Ms. Cherry L. Chen
    • Abstracting/ Indexing: Engineering & Technology Digital Library, ProQuest, Crossref, Electronic Journals Library , EBSCO, and Ulrich's Periodicals Directory
    • E-mail: ijtef@ejournal.net
IJTEF 2013 Vol.4(1): 43-47 ISSN: 2010-023X
DOI: 10.7763/IJTEF.2013.V4.258

A Study on Currency and Coinage Circulation in India

Srinivasan Chinnammai
Abstract—In India, currency forms a significant part of money supply. Money supply is generally viewed in two senses. Money supply in the conventional sense includes notes and coins in circulation (nominally claims against the central bank and / or the government of the country) plus those deposits with banks which are repayable on demand. This is also referred to as the narrow definition of money supply and is widely known as M1. When time deposits with banks are added to M1, the definition of money supply becomes broader and is in India known as M3. However, this research study focuses only on the aspect of banknotes and coins, which is a part of M1, but plays a vital role in currency management.

Index Terms—Coinage, currency, dinamination, circulation.

Srinivasan Chinnammai is with Department of Economics, University of Madras, Chepauk, Chennai 600 005, Tamil Nadu, India (e-mail: pragathauomr@gmail.com).

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Cite:Srinivasan Chinnammai, "A Study on Currency and Coinage Circulation in India," International Journal of Trade, Economics and Finance vol.4, no.1, pp. 43-47, 2013.

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