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Central Bank posts figures on money supply

In August 1, 2002 the volume of the wide monetary base was 1.02 trillionrubles ($32.38bn), which was 900m rubles ($28.57m) less than on July 1,2002 and 91.5bn rubles ($2.9bn) more than on January 1, 2002, the publicrelations department of the Central Bank reported. Some 696.6bn rubles($22.1bn) were notes and coins in circulation taking into account balancesat cash departments of credit organizations, except the Central Bank.Some 92.7bn rubles ($2.94bn) were at correspondent accounts of creditorganizations at the Central Bank on August 1, 2002, compared to 144.5bnrubles ($4.59bn) on January 1, 2002. The volume of compulsory reserves ofresources attracted by credit organizations in rubles and foreign currencywas 182.3bn rubles ($5.8bn) on August 1, 2002, compared to 156.6bn rubles($4.97bn) on January 1, 2002.The total volume of banks' deposits at the Central Bank amounted to 48.1bnrubles ($1.53bn) on August 1, 2002, compared to 24.7bn rubles ($784m) onMay 1, 2002 and 3.7bn rubles ($117.5m) on January 1, 2002. The CentralBank's commitment rate to credit organizations on buying back securitieswas zero..


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Author`s name: Editorial Team