Russian monetary base up $871 mln in week to $120 bln

MOSCOW, May 15 (RIA Novosti) - Russia's Central Bank said Friday the country's narrowly defined money supply (M1) was 3 trillion 848.2 million rubles ($119.9 billion at the current exchange rate) as of May 15, up 28 billion rubles ($871 million) since May 4.

According to the Bank, M1 money supply consists of the currency issued by the bank, including cash in vaults of credit institutions, and required reserves balances on ruble deposits with the Central Bank.