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Banks' correspondent accounts with CBR decline 2.5 %

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MOSCOW, March 27 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 702.8 billion rubles ($26.95 billion at the current exchange rates) at the beginning of the business day, down 2.5 % (18.3 billion rubles/$701.69 million) from Monday, the CBR said Tuesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 120.8 billion rubles ($4.63 billion), up 8 % (8.9 billion rubles/ $ 341.26 million) from Monday.

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