MOSCOW, September 17 (RIA Novosti) - Russia's broadly-defined monetary base decreased 3.3% month-on-month in August 2007 to 4.758 trillion rubles ($188 billion), the country's Central Bank (CBR) said on its Web site Monday.
Broad money supply expanded 15.4% in the first eight months of 2007, the CBR said.
According to the Central Bank terminology, broad money supply consists of cash in circulation, credit institutions' correspondent accounts with the CBR, required reserves, bank deposits in the CBR and the bank's bonds held by credit institutions, and also the Central Bank's obligations to buy back securities and required reserves on foreign exchange operations deposited with the Central Bank.
