Russian monetary base down 9.4% in week to $125.3 bln

Russia's Central Bank said Friday the country's narrowly defined money supply (M1) was 3 trillion 857.4 million rubles ($125.3 billion at the current exchange rate) as of June 1, down 9.4% in the week since May 25.

MOSCOW, June 5 (RIA Novosti) - Russia's Central Bank said Friday the country's narrowly defined money supply (M1) was 3 trillion 857.4 million rubles ($125.3 billion at the current exchange rate) as of June 1, down 9.4% in the week since May 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.