Russian monetary base down $8.8 bln in two weeks to $115 bln

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MOSCOW, January 18 (RIA Novosti) - Russia's Central Bank said Friday the country's narrowly defined money supply (M1) was 4 trillion 54.4 million rubles ($165.5 billion at the current exchange rate) as of January 14, down 214.7 billion rubles ($8.8 billion) since January 1.

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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