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    Money supply in Russia grows 32.6% in 11M06

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    Russia's money supply (M2) grew 32.6% in the first eleven months of 2006 to 8,014 billion rubles (about $303.5 billion), the Central Bank of Russia (CBR) said Wednesday.

    MOSCOW, December 27 (RIA Novosti) - Russia's money supply (M2) grew 32.6% in the first eleven months of 2006 to 8,014 billion rubles (about $303.5 billion), the Central Bank of Russia (CBR) said Wednesday.

    In November, money supply increased 3.1%, the CBR said.

    Russia's M2 is defined by the CBR as total cash in circulation outside of banks, plus ruble funds on accounts of resident non-financial organizations and individuals.

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