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Banks' correspondent accounts with CBR decline 11.9%

February 11, 2008 | RIA Novosti

Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 442.9 billion rubles ($17.9 billion at the current exchange rates) at the beginning of the business day, down 11.9% from Friday, the CBR said Monday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 289.3 billion rubles ($11.7 billion), down 14% from Friday.

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