Russia's national definition money supply falls 2.2% in March

Home > Newsroom > Top Stories > Russia's national definition money supply falls 2.2% in March - Central Bank

Russia's national definition money supply falls 2.2% in March - Central Bank

MOSCOW. April 30 (Interfax) - Russia's M2 national definition money supply fell 2.2% to 29.8 trillion rubles in March 2014, the Central Bank of Russia (CBR) reported on its website.

M2 fell 5.1% during January-March.

As of April 1, M2 was 8.5% higher than on March 1 and 14.6% than on January 1. On March 1, M2 was 12.1% higher than a month previously.

M2 is defined as total cash in circulation (outside banks) and balances in the domestic currency on accounts of resident non-financial organizations, financial organizations (except for credit organizations) and individuals.