Central Bank of the Russian Federation reports that money supply M2 (national definition), without regard to deposits in foreign currency,in Russia reduced by 10.2% in Q1, 2009, from RUR13.493 trillion on January, 1, 2009, to RUR12.111 trillion on April, 1, 2009.
M2 is defined as total cash in circulation (outside banks) and balances in the domestic currency on accounts of resident non-financial organizations, financial organizations (except for credit ones) and individuals.
Central Bank of Russia
