Banks' correspondent accounts with CBR decline 2.9%

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MOSCOW, May 19 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 632.4 billion rubles ($26.6 billion at the current exchange rates) at the beginning of the business day, down 2.9% from Friday, the CBR said Monday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 165.4 billion rubles ($7 billion), up 3.3% from Friday.

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