Banks' correspondent accounts with CBR decline 1.6%

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MOSCOW, March 25 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 596.8 billion rubles ($25 billion at the current exchange rate) at the beginning of the business day, down 1.6% from Monday, the CBR said Tuesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 184.9 billion rubles ($7.8 billion), up 5.8% from Monday.

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