Russian monetary base down $241 mln in week to $167 bln

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MOSCOW, March 7 (RIA Novosti) - Russia's Central Bank said Friday the country's narrowly defined money supply (M1) was 4 trillion 93 billion rubles ($167 billion at the current exchange rate) as of March 3, down 58 billion rubles ($241 million) in the week since February 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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