Source Pravda.Ru

Growth in balances of correspondent accounts influences ruble credit rates

Balances at correspondent accounts of Russian commercial banks increasedconsiderably at the beginning of business today. This growth amounted to12bn rubles (about $380m) throughout the country and to 10.5bn rubles(about $333m) at banks in the Moscow region. This has been the highestadvance since August 1, 2002. As a result the balance of correspondentaccounts at Russian commercial banks amounted to 88.933 billion rubles(about $2.82bn) as of the beginning of business on August 28. The balanceof the correspondent accounts at the banks in the Moscow region reached54.441 billion rubles (about $1.73bn). These figures have been the largestsince August 1.This advance in balances at correspondent accounts resulted in the decreasein ruble credit rates. Currently the overnight credit rate is quite low,about four percent. The growth in free ruble resources on the market led toa noticeable increase in the dollar exchange rate at the morning sessionand on the interbank currency market..

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

In recent years, genetics has become a cutting-edge science, not only in the professional field of biology, but also because of the enormous social reach of its discoveries and approaches. Not in vain, practically every day the press offers us the discovery of a new gene, a new hereditary determinant directly involved in the manifestation of diseases or physical characteristics.

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