17 Jan 2012 14:42

Russia's broad definition money base up 15.8% in Dec, in 2011 - up 5.5% to 8.644 trln rubles

MOSCOW. Jan 17 (Interfax) - Russia's broad definition money base increased by 15.8% to 8.644 trillion rubles in December 2011 from 7.4648 trillion rubles, the Central Bank of Russia said in materials posted on its website.

The money base increased by 5.5% in 2011 from 8.19 trillion rubles as of January 1.

The broad money base includes cash issued by the Central Bank, the balance on reserve accounts in the Central Bank, correspondent accounts and bank deposits in the Central Bank, investment by banks in Central Bank bonds, and other obligations of the Central Bank on operations with banks in the national currency.

The broad monetary base describes changes in money supply by the monetary authorities.