Banks' correspondent accounts with CBR decline 1.8%

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MOSCOW, July 17 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 443.4 billion rubles ($17.4 billion at the current exchange rates) at the beginning of the business day, down 1.8% from Monday, the CBR said Tuesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 689.1 billion rubles ($27 billion), down 2.5% from Monday.

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