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Russia's broadly-defined monetary base decreased 3.9% month-on-month in June 2007 to 5,137 billion rubles
Russia's broadly-defined monetary base decreased 3.9% month-on-month in June 2007 to 5,137 billion rubles ($201.29 billion), the country's Central Bank (CBR) said on its Web site Friday. Broad money supply expanded 24.6% in the first six months of 2007, the CBR said. According to the 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, and also 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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