The amount of money in circulation among people is constantly growing. On November 19, this amount exceeded 700 billion crowns. On this occasion, the Czech National Bank issued a press release in which it provides interesting information about money among people.
In terms of one Czech, it is estimated that he holds approximately 65,000 crowns in cash at home. (700 billion crowns with a population of 10,650,000 – editor’s note)
The most common banknote that people have is two thousand, and the coin with the lowest value – the crown – reigns among the coins. Deliberately look in your wallet and vote in our survey for what money you have with you.
A large increase in the value of money among people occurred in March this year, and the CNB explains why. “There are two main reasons for the significant increase in currency in circulation this year – some residents created a financial reserve in cash in the event of unexpected events at the beginning of the spring quarantine, but the closure of most shops and services did not allow them to make full use of this cash. in each difficult period, they also held more cash compared to the current period, ”states the Czech National Bank.
Interesting facts about money in circulation according to the Czech National Bank:
– Since the first day the Czech currency came into force (February 8, 1993), currency in circulation has increased by CZK 673.1 billion from the original CZK 28.1 billion.
– If we placed all the banknotes registered in circulation one after the other, a strip of 80,200 km would be created (which is a distance of 2 times around the equator).
– The sum of the weight of all coins currently in circulation is over 11,100 tonnes. This material would fill 555 wagons of 20 tons.
– Currency circulation for the first time has reached the level of:
CZK 100 billion in May 1995
CZK 200 billion in June 2000 (increase by CZK 100 billion in 61 months)
CZK 300 billion in May 2006 (increase by CZK 100 billion in 71 months)
CZK 400 billion in September 2011 (increase by CZK 100 billion in 64 months)
CZK 500 billion in November 2015 (increase by CZK 100 billion in 50 months)
CZK 600 billion in July 2018 (increase by CZK 100 billion in 32 months)
CZK 700 billion in November 2020 (increase by CZK 100 billion in 28 months)
– .
