Banks’ correspondent accounts with CBR decline 6.29%

By RIA Novosti

Moscow : Credit institutions’ balances on correspondent accounts with the Russian Central Bank totaled 781.2 billion rubles ($31.6 billion at the current exchange rate) at the beginning of the business day, down 6.29% from Tuesday, the CBR said Wednesday.

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Credit institutions’ balances on deposit accounts with the Bank of Russia stood at 110.1 billion rubles ($4.5 billion), up 4.2% from Tuesday.