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Russian monetary base up $2 bln in week to $152 bln

Sputnik International

The Central Bank said on Friday that Russia's narrowly defined money supply (M1) was 4.47 trillion rubles ($152 billion at the current exchange rate) as of... 16.10.2009, Sputnik International

2009-10-16T07:09+0000

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Russian monetary base up $2 bln in week to $152 bln

07:09 GMT 16.10.2009

Russian Central Bank - Sputnik International

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The Central Bank said on Friday that Russia's narrowly defined money supply (M1) was 4.47 trillion rubles ($152 billion at the current exchange rate) as of October 12, up 58.7 billion rubles ($2 billion) in the week since October 5.

MOSCOW, October 16 (RIA Novosti) - The Central Bank said on Friday that Russia's narrowly defined money supply (M1) was 4.47 trillion rubles ($152 billion at the current exchange rate) as of October 12, up 58.7 billion rubles ($2 billion) in the week since October 5.

According to the bank, M1 money supply consists of the currency issued by the bank, including cash in vaults of credit institutions, and required reserve balances on ruble deposits with the Central Bank.