Russian monetary base up $1.21 billion in week

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Russia's Central Bank said Friday that the country's narrowly defined money supply (M1) was 2.487,7 trillion rubles ($92.23 billion at the current exchange rate) as of June 19, up 32.7 billion rubles ($1.21 billion) in the week since June 13.
MOSCOW, June 23 (RIA Novosti) - Russia's Central Bank said Friday that the country's narrowly defined money supply (M1) was 2.487,7 trillion rubles ($92.23 billion at the current exchange rate) as of June 19, up 32.7 billion rubles ($1.21 billion) in the week since June 13.

According to the Bank, M1 money supply consists of the currency issued by the bank, including cash in vaults of credit institutions, and required reserves balances on ruble deposits with the Central Bank.

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