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Banks' correspondent accounts with CBR decline 13.7%

February 27, 2008 | RIA Novosti

Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 491.9 billion rubles ($20.11 billion at the current exchange rate) at the beginning of the business day, down 13.7% from Tuesday, the CBR said Wednesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 106.3 billion rubles ($4.35 billion), up 2.4% from Tuesday.

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