U.S. Currency Growth Ebbs...

It may signal less turmoil overseas

In case you haven't noticed, something strange is happening to the most tangible component of the money supply--the good old American greenback. After posting healthy gains in the early 1990s and indeed, during most of the postwar period, growth of currency in circulation slowed sharply last year. It is now expanding at its slowest year-to-year pace in more than 30 years.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.