MONEY SHORTAGE THREATENS RUSSIAN ECONOMY

A&G Information Services,  August, 2004  

• E-mail
• Print
• Link

A&G Information Services 08-25-2004 MONEY SHORTAGE THREATENS RUSSIAN ECONOMY ST.PETERSBURG, RUSSIA, Aug 25, 2004 (A&G News via COMTEX) -- According to the Central Bank of Russia, in July the money base decreased by Rbl 70,9 billion or by 3,6% to Rbl 1849 billion. During the year, from August 1, 2003 the money supply increased by 22%, while from January 1 to December 31, 2003 the money volume in the economy increased by 55%.

In July the volume of cash increased by Rbl 44,3 billion or by 3,2%, to Rbl 1395 billion and compulsory reserves declined by Rbl 81,4 billion or ...

Read the rest of this article with a Free Trial at HighBeam Research.