Banks' correspondent accounts with CBR decline 12.9%

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MOSCOW, July 31 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 429,5 billion rubles ($16.8 billion at the current exchange rates) at the beginning of the business day, down 12.9% from Monday, the CBR said Tuesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 449.7 billion rubles ($17.6 billion), down 6.7% from Monday.

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