Source Pravda.Ru

Fall in balances of correspondent accounts hampers further rise in dollar rate

The balances of correspondent accounts at Russian banks went downsignificantly today - by more than 13bn rubles (about $411m) in Russia andmore than 9bn rubles ($285m) in Moscow. This was the most significantreduction in the balances of correspondent accounts after August 1, or morethan a month ago. As a result, the balances amounted to less than 84bnrubles ($2.66bn) in Russia and 49.5bn rubles ($1.57bn) in Moscow, thelowest figures in September. This resulted in the weighted average dollarexchange rate staying unchanged at RUR 31.61 at the morning tradingsession.The dollar rate saw a fall on the interbank market in the first half oftoday's trading. Specialists report that even the high on tomorrow dealswas no more than RUR 31.63 against RUR 31.65 registered yesterday..

Representatives of the North Korean administration issued a statement saying that the United States and its allies have lost the "political and military confrontation" to the DPRK

North Korea declares victory over USA
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