Russian macroeconomicsbeta

M2 money supply

M2_LEVEL · Money supply

Cash and rouble deposits of residents.

Latest value
₽135.7 tn
Period August 2026 · Published Sep 5, 2026, 03:39 PM MSK

How to read it

The headline aggregate. What matters is the growth rate rather than the level: sustained growth well above nominal output growth points to a monetary expansion with inflationary consequences.

How it is measured

The national definition: cash plus all rouble deposits of residents, time deposits included. Foreign currency deposits are excluded.

History

DateValue
August 2026₽135.7 tn
July 2026₽134.8 tn
June 2026₽133.6 tn
May 2026₽132.0 tn
April 2026₽130.2 tn
March 2026₽131.1 tn
February 2026₽127.9 tn
January 2026₽129.6 tn
December 2025₽124.7 tn
November 2025₽123.1 tn
October 2025₽121.3 tn
September 2025₽121.6 tn