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Correction: Russia's M2 money supply to grow 20-25% in
2009 - finance min.
02.03.2009
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(Changes "M3" to "M2" in para 3)
MOSCOW, March 2 (RIA Novosti) - Russia's M2 money supply
could grow by 20-25% in 2009, Russia's Finance Minister Alexei
Kudrin said on Monday.
"We will have growth of 20-25%, while in developed countries it
is under 10% and in China - below 15%," Kudrin said.
Annual M2 money supply growth ranged from 32% to 60% in
1999-2007.
M2 money supply, according to the Central Bank's definition,
includes total cash in circulation (outside banks) and balances
in the domestic currency on the accounts of resident
non-financial organizations and individuals.
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