Banks' correspondent accounts with CBR decline 5.6%

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MOSCOW, May 7 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 570.2 billion rubles ($24 billion at the current exchange rates) at the beginning of the business day, down 5.6% from Tuesday, the CBR said Wednesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 164.2 billion rubles ($6.9 billion), up 50.4% from Tuesday.

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