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Banks' correspondent accounts with CBR rise 22%

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MOSCOW, March 19 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 625.2 billion rubles ($26.6 billion at the current exchange rate) at the beginning of the business day, up 22.1% from Tuesday, the CBR said Wednesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 120.4 billion rubles ($5.1 billion), down 34.3% from Tuesday.

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