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Russian monetary base up $979.5mln in week

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MOSCOW, April 14 (RIA Novosti) - Russia's Central Bank announced Friday that the country's narrowly defined money supply (M1) was 2 trillion 279.5 billion rubles ($83.31 bln at the current exchange rate) as of April 24, up $979.46 mln in the week since April 17.

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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