Russian monetary base up $1.3 bln in week to $175.9 bln

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MOSCOW, May 16 (RIA Novosti) - Russia's Central Bank said Friday the country's narrowly defined money supply (M1) was 4 trillion 195.2 million rubles ($175.2 billion at the current exchange rate) as of May 12, up 30.3 billion rubles ($1.3 billion) in the week since May 4.

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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