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Difference between 'Currency with Public' and 'Currency in Circulation'

What is the difference between Currency with Public and Currency in circulation? are the two same? what do the two mean?

A related query: Reserve money = Currency in circulation + Banker' Deposits; Do these bankers' deposits refer to SLR+CRR? or is there more to it?

Thanks
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Comments

  • Currency in circulation refers to the Total Cash available in the economy; while currency with public is the cash currently held with the people and companies i.e. the most liquid asset.
    Hence, Currency in circulation is currency with public + cash with banks and other financial institutions.

    Banker's Deposit includes Cash Reserves (CRR), and other deposits (OD) with RBI. OD includes deposits with RBI of Quasi governmental institutes, international financial institutes and other high profile individuals.

    I don't think SLR is a part of banker's deposits but not 100% sure.
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  • yes SLR should not be part of Banker's deposits
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