Narrow monetary base amounted to Rub 4,191 bln as of December 8, 2008 against Rub 4,228.7 bln as of December 1, the PR department of the Bank of Russia reported. In other words, monetary base declined by Rub 37.7 bln.
Narrow monetary base includes ready cash put by the Bank of Russia into circulation (taking into account balances held at cash desks of lending institutions) and balances on accounts for mandatory reserves for funds attracted by lending institutions in the national currency and deposited with the Bank of Russia.
