29 Mar 2013 17:55

Russia's national definition money supply grows 1.6% in Feb - Central Bank

MOSCOW. March 29 (Interfax) - Russia's M2 national definition money supply grew by 1.6% to 27.17 trillion rubles in February, the Central Bank of Russia (CBR) reported on its website.

However, in January-February, the money supply shrank 0.9%.

As of March 1, M2 had grown 14.2% year-on-year, compared to 13.2% year-on-year as of February 1 and 11.9% year-on-year as of January 1.

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.