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The total number of banknotes in active use in the world is a difficult number to calculate accurately. This is because there is no single source of data on the number of banknotes in circulation. However, there are a number of estimates that have been made, and these estimates can be used to get a general idea of the number of banknotes in circulation.

One estimate was made by the Bank for International Settlements (BIS) in 2019. The BIS estimated that there were 11.7 trillion banknotes in circulation in 2019. This estimate was based on data from a number of sources, including central banks, commercial banks, and other financial institutions.

Another estimate was made by the International Monetary Fund (IMF) in 2020. The IMF estimated that there were 11.8 trillion banknotes in circulation in 2020. This estimate was based on data from a number of sources, including central banks, commercial banks, and other financial institutions.

The two estimates are very similar, and they suggest that there are around 11.7 trillion banknotes in circulation in the world. This number is equivalent to about $1.2 trillion USD.

It is important to note that the number of banknotes in circulation is constantly changing. Banknotes are being printed and destroyed all the time. As a result, the number of banknotes in circulation is not a static number.

However, the estimates that have been made suggest that there are around 11.7 trillion banknotes in circulation in the world. This number is a significant amount of money, and it is a testament to the importance of paper money in the global economy.
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