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Russia's Central Bank said Friday that the country's narrowly defined money supply increased 1%
Russia's Central Bank said Friday that the country's narrowly defined money supply (M1) increased 1%, to 2,693.4 billion rubles ($100.55 billion at the current exchange rate) as of August 21, up 33.4 billion rubles ($1.25 billion) in the week since August 14. According to the Bank, M1 money supply consists of the currency issued by the bank, including cash in the vaults of credit institutions, and required reserve balances on ruble deposits with the Central Bank.
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