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News // Russia

Russia's Defined Money Supply Rose: Central Bank

11 July 2008 , 10:40732
Russia's Central Bank said Friday the country's narrowly defined money supply was 4 trillion 359.7 billion rubles ($185.99 billion at the current exchange rate) as of July 7, up 12.9 billion rubles ($550.34 million) in the week since June 30.

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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