Banks' correspondent accounts with CBR decline 3.6%

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MOSCOW, August 15 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 424.1 billion rubles ($16.5 billion at the current exchange rates) at the beginning of the business day, down 3.6% from Tuesday, the CBR said Wednesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 505.2 billion rubles ($19.7 billion), down 1.5% from Tuesday.

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