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Russian monetary base up $7.78 bln in two weeks

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Russia's Central Bank said Friday that the country's narrowly defined money supply (M1) was 3,208.4 billion rubles ($120.93 billion at the current exchange rate) as of January 9, up 206.4 billion rubles ($7.78 billion) in the two weeks since December 25.
MOSCOW, January 12 (RIA Novosti) - Russia's Central Bank said Friday that the country's narrowly defined money supply (M1) was 3,208.4 billion rubles ($120.93 billion at the current exchange rate) as of January 9, up 206.4 billion rubles ($7.78 billion) in the two weeks since December 25.

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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