Banks' correspondent accounts with CBR decline 3.8%

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MOSCOW, May 22 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 414.8 billion rubles ($16 billion at the current exchange rates) at the beginning of the business day, down 3.8% from Monday, the CBR said Tuesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 1161.2 billion rubles ($44.9 billion), down 2.9% from Monday.

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