Russian monetary base up $3.2 bln in week to $123 bln

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MOSCOW, April 20 (RIA Novosti) - Russia's Central Bank said Friday the country's narrowly defined money supply (M1) was 3 trillion 173.5 billion rubles ($123 billion at the current exchange rate) as of April 16, up 81.4 billion rubles ($3.2 billion) in the week since April 9.

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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