Banks' correspondent accounts with CBR decline 7.7%

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MOSCOW, August 28 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 422.9 billion rubles ($16.5 billion at the current exchange rates) at the beginning of the business day, down 7.7% from Monday, the CBR said Tuesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 422.4 billion rubles ($16.4 billion), up 3.9% from Monday.

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