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    Russia's broad money base down 0.7% in October

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    MOSCOW, November 11 (RIA Novosti) - Russia's broad monetary base declined 0.7% in October to 5,282 billion rubles ($195 billion), the Central Bank of Russia said on Tuesday.

    Russia's broad monetary base decreased 4.2% in January-October 2008, the Central Bank said.

    According to Central Bank terminology, broad money supply consists of cash in circulation, credit institutions' correspondent accounts with the CBR, required reserves, bank deposits in the CBR and the bank's bonds held by credit institutions, as well as the Central Bank's obligations to buy back securities and required reserves on foreign exchange operations deposited with the Central Bank.

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