Monetary policy is largely focused on the effective behavior of monetary institutions that determine the amount of money in circulation. As the amount of money in circulation and the role of money in the economy are usually defined differently in different economies, so are the great differences in the ways that lead to the ultimate goals of monetary policy. In today's economic systems, it could be said that monetary policy is an unavoidable factor in regulating economic trends and achieving various economic policy goals. Monetary policy is expected to play an active role in stimulating economic growth, although it is the main instrument of anti-inflation policy, ie money regulation. The amount of money in circulation represents the total value currently circulating in an economy. According to the CNB, the money supply M1 includes cash outside credit institutions, deposits of other financial institutions with the CNB and demand deposits with credit institutions. The amount of money in circulation affects a large number of factors in an economy, and many factors also affect it. The performed empirical analysis shows that there is a significant impact of changes in the amount of money in circulation on various wage measures in the Republic of Croatia. Positive correlation coefficients as well as the performed regression analysis suggest the existence of a proportional relationship between wages and money supply M1, ie the growth of one variable is associated with the growth of another, and vice versa.