Banks' correspondent accounts with CBR decline 11.8%

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MOSCOW, October (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 440.5 billion rubles ($17.7 billion at the current exchange rates) at the beginning of the business day, down 11.8% from Wednesday, the CBR said Thursday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 331.5 billion rubles ($13.3 billion), up 1.6% from Wednesday.

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