Russian monetary base up $394.4 mln in week to $119.6 bln

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MOSCOW, April 13 (RIA Novosti) - Russia's Central Bank said Friday the country's narrowly defined money supply (M1) was 3 trillion 92.1 billion rubles ($119.6 billion at the current exchange rate) as of April 9, up 10.2 billion rubles ($394.4 million) in the week since April 2.

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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