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Russian monetary base down $771.3 mln in week

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MOSCOW, December 8 (RIA Novosti) - Russia's Central Bank said Friday that the country's narrowly defined money supply (M1) was 2,782 billion rubles ($106.22 billion at the current exchange rate) as of December 4, down 20.2 billion rubles ($771.3 million in the week since November 27.

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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