Banks' correspondent accounts with CBR rise 11.8%

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MOSCOW, August 1 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 480.8 billion rubles ($18.8 billion at the current exchange rates) at the beginning of the business day, up 11.8% from Tuesday, the CBR said Wednesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 427.3 billion rubles ($16.7 billion), down 5% from Tuesday.

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