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Russia's broad monetary base down 9.3% in January

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MOSCOW, February 14 (RIA Novosti) - Russia's broad monetary base stood at 3, 738.6 billion rubles ($28 billion at the current exchange rate) as of February 1, down 9.3% 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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