Russia's broad definition monetary base slips 3% to 7.285 trln rubles in April - CB
MOSCOW. May 11 (Interfax) - Russia's broad definition monetary base slipped by 3% to 7.285 trillion rubles in April 2011 from an initial 7.514 trillion rubles, the Central Bank of Russia said in a statement placed on its website.
The monetary base in January-April slipped by 11% from 8.19 trillion rubles posted by January 1.
In annual terms, the monetary base increased by 7.2% from 6.795 trillion rubles posted on May 1, 2010 whereas for the month previous the annual growth rate was 18.1%.
Structure of monetary base's changes in April (in blns in rubles):
| 1.04.11 | 1.05.11 | |
| Cash in circulation | 5482.79 | 5670.3 |
| Organization correspondent accounts with Central Bank | 597.2 | 616.4 |
| Mandatory reserves | 244.1 | 280.8 |
| Bank deposits with Central Bank | 786.7 | 264.2 |
| Central Bank bonds at lending organizations | 403.4 | 453.7 |
| Monetary base | 7514.2 | 7285.4 |
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.