Banks' correspondent accounts with CBR decline 6.1%

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MOSCOW, May 29 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 427.4 billion rubles ($16.5 billion at the current exchange rates) at the beginning of the business day, down 6.1% from Monday, the CBR said Tuesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 1176 billion rubles ($45.4 billion), down 2.1% from Monday.

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