Russia's M2 Money Supply Growth

M2 money supply growth

Russia's M2 money supply indicator tracks the annual, year-on-year growth of broad money in the Russian economy, taken from the central bank's own published series. It exists on this monitor specifically as a detector for a particular kind of financing: when a government deficit is covered by having state-owned banks expand credit rather than by genuine private saving or foreign borrowing, the money stock itself is what reveals it, because the practice cannot be hidden the way a headline borrowing figure sometimes can. The indicator is scored against two registered anchors: 100 marks the measured 2015–2021 average; 0 marks the pace at which this kind of financing stops being deniable. Source: the Central Bank of Russia, published monthly. For Aug 2026, the latest reading is +12.9%. Against the registered pre-war baseline of +10.0%, it scores 86/100 on this monitor's index, where 100 is the pre-war level and 0 is the registered trouble line.

Plain-language label: “How fast they print money” — what it measures: the printing-press detector: when deficits are monetized through state banks, borrowing can look healthy — but the money stock cannot hide.

▸ Russia's M2 money supply: what money growth shows

“Russia M2 Money Supply Growth”: historical data against the registered trouble line

How this number is made

Observation history

Parse-failure history

When our parser can't extract a value, we log the failure instead of guessing. Failures never silently reuse the previous value.

• 2026-09-19PARSE FAILED«M2 file failed: TypeError: terminated»
• 2026-09-11PARSE FAILED«M2 file failed: TypeError: fetch failed»
• 2026-09-07PARSE FAILED«M2 file failed: TypeError: fetch failed»

Availability events

• 2026-09-19SOURCE UNREACHABLEFetch attempt failed (2026-09-19). No value recorded.
• 2026-09-11SOURCE UNREACHABLEFetch attempt failed (2026-09-11). No value recorded.
• 2026-09-07SOURCE UNREACHABLEFetch attempt failed (2026-09-07). No value recorded.
• 2026-08-15◆ SERIES WENT DARKThe source stopped publishing this series — one of 900+ official datasets hidden since 2022.

Related indicators

• Russia's inflation rate
• Russia's budget deficit
• Russia's liquid National Wealth Fund
• Russia's Economy
• Russia's War Economy

Background reading

• Russia's M2 money supply: what money growth shows
• How Russia finances the war: oil, debt, reserves

Latest developments

• Russia cuts cash rouble export limit to 1 million
• CBR forecasts a 3.7 trn-rouble cash drain
• Russia holds rate at 14%, awaits budget
• Russia's money supply growth slows to 12.9%
• Digital rouble starts, the budget had it first