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39%. However, money sup monetary and exchange rate policy pursued by the ply growth remained high also from the viewpoint Bank of Russia. of the

experience in ap tors or debt on compulsory payments; a credit institution plying Bank of Russia Regulation No. 230 P: must have an authorised capital

to short term money sup ing budget non interest expenditures and the ply growth. Therefore, in the second half of 2006, scope of revenue accrual

result, foreign currency sup mestic market amid the policy of restricting the ply exceeded demand on the domestic foreign appreciation of the national currency generates

of 2005, the money sup compliance with these standards will help prevent ply dynamics along with other factors will deter the unjustified raising of prices

demand for ruble sup 20 2005 Q3 Quantitative and Qualitative Monetary Indicators ply projected for 2005 (28 32%). Money supply to a halt and in

failed to com sed data on credit institutions required to calculate the ply with the OCP limits accounted for 6.6% of banking level of

in the money sup oped against the background of the slowing of ply in the middle of last year on an annualised ba economic growth,

the structure of the money sup quently, provided upward pressure on con ply growth. At the same time, the share of sumer prices. The slower

of the money sup siderable growth in the value of foreign cur ply and economic growth. Instability in the rency deposits, which grew faster than