The key facts
- Russia's broad money base grew 4.7% in September 2026 to 32.9777 trillion rubles, and 7.5% since the start of the year.
- The annual growth rate of the money base accelerated to 18.5% as of October 1; cash growth reached 20.9%, a maximum since October 2023.
- Cash rose 1.6% in September, while its share in the money base fell to 67.4% from 69.5%.
MOSCOW. October 14. INTERFAX.RU - Russia's broad money base in September 2026 increased by 1 trillion 481.2 billion rubles, or 4.7%, to 32 trillion 977.7 billion rubles. The data was published on the Bank of Russia's website.
In January-September 2026, the money base grew by 2 trillion 313.6 billion rubles, or 7.5%, from 30 trillion 664.1 billion rubles as of January 1.
The annual growth rate of the money base as of October 1 rose to 18.5% after 16.7% as of September 1.
The volume of cash within the money base increased in September by 348.1 billion rubles, or 1.6%, to 22 trillion 234.6 billion rubles.
In January-September 2026, the volume of cash grew by 2 trillion 784.9 billion rubles, or 14.3%; it stood at 19 trillion 449.7 billion rubles at the start of the year. Thus, the increase in cash over the first nine months of the current year exceeded the growth of the money base as a whole over the same period by a factor of 1.2.
The annual growth rate of cash as of October 1 was 20.9% (a maximum since October 1, 2023), after 20.0% as of September 1.
At the same time, the share of cash in the money base declined in September to 67.4% from 69.5%.
Within the money base in September, the volume of funds on correspondent accounts of credit institutions at the Bank of Russia increased by 1 trillion 728.6 billion rubles, or 38.2%, to 6 trillion 259.4 billion rubles, while the volume of funds on deposits of credit institutions at the Bank of Russia, by contrast, decreased by 592.5 billion rubles, or 13.2%, to 3 trillion 896.2 billion rubles.
The broad money base includes cash issued into circulation by the Bank of Russia (taking into account balances in the cash desks of credit institutions), balances in mandatory reserve accounts deposited by credit institutions with the Central Bank, funds on correspondent accounts of credit institutions and bank deposits placed with the Bank of Russia, credit institutions' investments in its bonds, as well as other liabilities of the Central Bank on operations with credit institutions in the national currency.
The dynamics of the broad money base characterize changes in the money supply formed by monetary regulation authorities.
