Abstract
In a frame of the $t-J-G$ model we derive the microscopical expression for the circulating orbital currents in layered cuprates using the anomalous correlation functions. In agreement with $\mu$-on spin relaxation ($\mu$SR), nuclear quadrupolar resonance (NQR) and inelastic neutron scattering(INS) experiments in YBa$_2$Cu$_3$O$_{6+x}$ we successfully explain the order of magnitude and the monotonous increase of the {\it internal} magnetic fields resulting from these currents upon cooling. However, the jump in the intensity of the magnetic fields at T$_c$ reported recently seems to indicate a non-mean-field feature in the coexistence of current and superconducting states and the deviation of the extended charge density wave vector instability from its commensurate value {\bf Q}$\approx(\pi,\pi$) in accordance with the reported topology of the Fermi surface.
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