Banks' correspondent accounts with CBR decline 7.5%

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MOSCOW, March 4 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 543.9 billion rubles ($22.6 billion at the current exchange rate) at the beginning of the business day, down 7.5% from Monday, the CBR said Tuesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 130.7 billion rubles ($5.4 billion), up 3.4% from Monday.

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