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Russian monetary base up 2.4% in week to $127.1 bln

monetary base

10:07 19/06/2009

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MOSCOW, June 19 (RIA Novosti) - Russia's Central Bank said Friday the country's narrowly defined money supply (M1) was 3 trillion 975.8 million rubles ($127.1 billion at the current exchange rate) as of June 15, up 2.4% in the week since June 8.

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 2.4% in week to $127.1 bln

10:07 19/06/2009 Russia's Central Bank said Friday the country's narrowly defined money supply (M1) was 3 trillion 975.8 million rubles ($127.1 billion at the current exchange rate) as of June 15, up 2.4% in the week since June 8.>>

Other news of the day