17 June 2004 20:51
Russia`s money supply drops by 2.3 per cent in six months
Moscow, 17 June: Russia's broad-definition monetary base [money supply] decreased to R1,870bn as of 1 June from
R1,914bn as of 1 January, the Central Bank of Russia (CBR) said on Thursday [17 June].
The broad-definition monetary base includes cash in circulation, banks' correspondent accounts with the CBR, CBR
bonds held by banks and the CBR's buyback obligations.
The amount of cash in circulation increased to R1,299bn as of 1 June from R1,225bn as of 1 January.
The banks' correspondent accounts with the CBR fell in January-May to R175.9bn from R304.9bn, while banks'
mandatory reserves rose to R285.4bn from R267.4bn.
Commercial banks' deposits held with the CBR decreased to R34bn as of 1 June from R87.3bn as of 1 January and
the CBR's buyback obligations on securities were up to R75.7bn from R30.1bn.
[The rouble-dollar exchange rate is R29.0199 per dollar.]
[Prime-TASS news agency] |
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