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Banks' correspondent accounts with CBR decline 9%

February 04, 2008 | RIA Novosti

Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 495.7 billion rubles ($20.3 billion at the current exchange rates) at the beginning of the business day, down 9% from Friday, the CBR said Monday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 331 billion rubles ($13.5 billion), up 15.6% from Friday.

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