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Banks' correspondent accounts with CBR decline 3.4%

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MOSCOW, January 16 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 641.4 billion rubles ($26.4 billion at the current exchange rates) at the beginning of the business day, down 3.4% from Tuesday, the CBR said Wednesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 523.1 billion rubles ($21.54 billion), up 1.4% from Tuesday.

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