Banks' correspondent accounts with CBR decline 3.3%

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MOSCOW, October 16 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 475.8 billion rubles ($19.1 billion at the current exchange rates) at the beginning of the business day, down 3.3% from Monday, the CBR said Tuesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 312 billion rubles ($12.5 billion), up 5.1% from Monday.

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