Banks' correspondent accounts with CBR decline 8.7%

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MOSCOW, July 4 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 507 billion rubles ($19.7 billion at the current exchange rates) at the beginning of the business day, down 8.7% from Tuesday, the CBR said Wednesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 835.2 billion rubles ($32.5 billion), up 7.4% from Tuesday.

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