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Russian monetary base up $750 mln in week to $123 bln

09:59 22/05/2009

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MOSCOW, May 22 (RIA Novosti) - Russia's Central Bank said Friday the country's narrowly defined money supply (M1) was 3 trillion 871.7 billion rubles ($123.4 billion at the current exchange rate) as of May 18, up 23.5 billion rubles ($750 million) since May 12.

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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Russian monetary base up $750 mln in week to $123 bln

09:59 22/05/2009 Russia's Central Bank said Friday the country's narrowly defined money supply (M1) was 3 trillion 871.7 billion rubles ($123.4 billion at the current exchange rate) as of May 18, up 23.5 billion rubles ($750 million) since May 12.>>

Other news of the day