Banks' correspondent accounts with CBR decline 9%

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MOSCOW, May 2 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 411 billion rubles ($15.9 billion at the current exchange rates) at the beginning of the business day, down 9% from Saturday, the CBR said Wednesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 578.5 billion rubles ($22.4 billion), down 6% from Saturday.

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