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Correction: Russia's M2 money supply to grow 20-25% in 2009 - finance min.


(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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