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Russia's monetary base up 13.2% to $120 billion in May

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MOSCOW, June 14 (RIA Novosti) - Russia's monetary base stood at 3.24 trillion rubles ($119.6 billion) as of June 1, up 13.2% in a month, the Central Bank of Russia said Wednesday.

The monetary base in the Central Bank's broad definition includes cash in circulation, credit institutions' correspondent accounts with the CBR, required reserves, banks' deposits with the CBR and CBR bonds placed with credit institutions, as well as its repurchase obligations and reserves that it holds on foreign exchange operations.

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