Globalist Reality Report

[DarthYoda]

No. M1 and M2 don't represent currency in circulation. Here is currency in circulation...

https://fred.stlouisfed.org/series/MBCURRCIR
https://www.uscurrency.gov/life-cycle/data/circulation
https://www.federalreserve.gov/paymentsystems/coin_currcircvolume.htm

Here is M1 and M2:

What is M2?
M2 is a calculation of the money supply that includes all elements of M1 as well as "near money." M1 includes cash and checking deposits, while near money refers to savings deposits, money market securities, mutual funds, and other time deposits. These assets are less liquid than M1 and not as suitable as exchange mediums, but they can be quickly converted into cash or checking deposits.

KEY TAKEAWAYS
M2 is a measure of the money supply that includes cash, checking deposits, and easily convertible near money.
M2 is a broader measure of the money supply than M1, which just includes cash and checking deposits.
M2 is closely watched as an indicator of money supply and future inflation, and as a target of central bank monetary policy.

https://www.investopedia.com/terms/m/m2.asp
https://fred.stlouisfed.org/series/M1SL
https://fred.stlouisfed.org/series/M2SL