Banks' correspondent accounts with CBR decline 5.4%

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MOSCOW, September 20 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 437.5 billion rubles ($17.3 billion at the current exchange rates) at the beginning of the business day, down 5.4% from Wednesday, the CBR said Thursday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 288.5 billion rubles ($11.5 billion), up 2.7% from Wednesday.

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