Russian monetary base down 0.47% in week to $127.7 bln

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Russia's Central Bank said Friday the country's narrowly defined money supply (M1) was 3 trillion 988 million rubles ($127.7 billion at the current exchange rate) as of June 29, down 0.47% in the week since June 22.

MOSCOW, July 3 (RIA Novosti) - Russia's Central Bank said Friday the country's narrowly defined money supply (M1) was 3 trillion 988 million rubles ($127.7 billion at the current exchange rate) as of June 29, down 0.47% in the week since June 22.

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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