Banks' correspondent accounts with CBR decline 5.7%

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MOSCOW, August 16 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 399.8 billion rubles ($15.5 billion at the current exchange rates) at the beginning of the business day, down 5.7% from Wednesday, the CBR said Thursday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 491.9 billion rubles ($19.1 billion), down 2.6% from Wednesday.

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