Start hereDictionarySearch
English
日本語English中文ItalianoFrançaisDeutschEspañol
Sign in Fees and how to study
NOMISMA
Read history Money history: the world and JapanBubbles, frauds and financial crisesPeople who changed moneyReadingsSee all of Read history
Understand how money works Banks and depositsInterest, prices and exchange ratesCash and digital paymentsHistory's lessons for today's decisionsSee all of Understand how money works
Look at coins Browse by photoImages, letters and materialsCare, storage and tradingSee all of Look at coins
Start hereDictionarySearch
Fees and how to study Sign in
Language
日本語English中文ItalianoFrançaisDeutschEspañol

circulation

流通　—　Phenomena

Money going on passing from hand to hand.

Knife money Knife moneyWarring States period Spade money Spade moneyWarring States period Pegasos Stater of Corinth Pegasos Stater of CorinthCirca 400–375 BC
A photograph of what this word names.

⚠ If the same coin changes hands many times in a year, transactions can be sustained even with a small number of coins. Not just 'how much there is', but also 'how fast it circulates' is what matters.