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Russia's M2 money supply up 2.3% in August

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MOSCOW, September 26 (RIA Novosti) - Russia's M2 money supply stood at 14.53 trillion rubles ($583.5 billion) as of September 1, up 2.3% month-on-month, the Central Bank of Russia (CBR) said on Friday.

M2 money supply in the Central Bank's broad definition includes total cash in circulation (outside banks) and balances in the domestic currency on accounts of resident non-financial organizations and individuals.

M2 money supply demonstrated steady growth in 2007, except for January and October, when it contracted 3.3% and 0.6%, respectively. Overall, the M2 monetary aggregate grew at an annual rate of 47.5% in 2007 compared to 48.8% in 2006.

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