MOSCOW, June 10 (RIA Novosti) - Russia's broad monetary base increased 3.17% in May to 5,130 billion rubles ($216 billion), the Central Bank of Russia said on Tuesday.
Russia's broad monetary base decreased 6.96% in January-May 2008, the CBR said.
According to Central Bank terminology, broad money supply consists of cash in circulation, credit institutions' correspondent accounts with the CBR, required reserves, bank deposits in the CBR and the bank's bonds held by credit institutions, as well as the Central Bank's obligations to buy back securities and required reserves on foreign exchange operations deposited with the Central Bank.
